SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ACIT, CENTRAL CIRL-1,, RAJKOT

In the result, appeals filed by the Revenue, in ITA No

Bench: Dr. Arjun Lal Saini & Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 134 & 135/Rjt/2023 (िनधा"रणवष" / Assessment Years: (2007-08 & 2008-09) Income Tax Officer, Ward- Shri Kherajmal Lekhrajbjai 5Th 1(2)(1), Aaykar Bhavan, Thavrani, 4- Parsana Nagar, Shri Vs. Floor, Room No. 517, Race Vaheguru Grupa, Near Refugee Course Ring Road, Rajkot-360 Colony, Rajkot-360 001 001 "थायी लेखा सं./जी आइ आर सं./Pan/Gir No.: Adrpt 5807 E (Appellant) (Respondent)

section 292(C) of the Act, it is considered that these bank accounts pertain to the appellant & the transactions shown in these accounts are true & correct. On considering these transactions as turnover of the appellant, income on these transactions has to be estimated. Apart from these deposits & withdrawals in these accounts, there is no other evidence to decide the income

THE DY. COMMR. OF INCOME TAX, CIRCLE-1(1),, RAJKOT-GUJARAT vs. M/S. RADHE RENEWABLE ENERGY DEVELOPEMENT PVT. LTD.,, RAJKOT-GUJARAT

In the result, the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

price then the appellant has to provide for such warranty costs in its account for the relevant year, otherwise the matching concept fails. In such a case the second option is also inappropriate. Under the circumstances, the third option is most appropriate because it fulfils accrual concept as well as the matching concept. For determining an appropriate historical trend

THE DEPUTY COMMR. INCOME TAX, CIRCLE-1(2),, RAJKOT vs. M/S RADHE RENEWABLE ENERGY DEVELOPMENT PVT. LTD.,, RAJKOT

In the result, the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

price then the appellant has to provide for such warranty costs in its account for the relevant year, otherwise the matching concept fails. In such a case the second option is also inappropriate. Under the circumstances, the third option is most appropriate because it fulfils accrual concept as well as the matching concept. For determining an appropriate historical trend

M/S RADHE RENEWABLE ENERGY DEVELOPMENT PVT. LTD.,,RAJKOT-GUJARAT vs. THE ASSTT. COMMR. INCOME TAX, CIRCLE-5,, RAJKOT-GUJARAT

In the result, the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

price then the appellant has to provide for such warranty costs in its account for the relevant year, otherwise the matching concept fails. In such a case the second option is also inappropriate. Under the circumstances, the third option is most appropriate because it fulfils accrual concept as well as the matching concept. For determining an appropriate historical trend

RADHE RENEWABLE ENERGY DEVELOPMENT PVT LTD,RAJKOT vs. THE PCIT, RAJKOT-1, RAJKOT, RAJKOT

In the result, the appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal

price then the appellant has to provide for such warranty costs in its account for the relevant year, otherwise the matching concept fails. In such a case the second option is also inappropriate. Under the circumstances, the third option is most appropriate because it fulfils accrual concept as well as the matching concept. For determining an appropriate historical trend

DUSHYANT BHARATBHAI MEHTA,RAJKOT vs. ITO WD-(2)(1)(2) , RAJKOT

In the result, appeal filed by the assessee, is allowed

price minus market value as on sale of conversion shall be\ntreated as business income and can be taxed under the head “ Profits and gain of\nbusiness and profession.\" The assessee, for the year under consideration, has\noffered income against the said property to the tune of Rs. 9,50,000/-, under the\nhead “profits and gain of business

THE INCOME TAX OFFICER-WARD-2,, JUNAGADH vs. SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,, JUNAGADH

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

THE ASSISTANT COMMR. OF INCOME TAX, CIRCLE-2(1),, RAJKOT-GUJARAT vs. M/S BHAVANI INDUSTRIES,, RAJKOT-GUJARAT

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No. 108/Rjt/2016 िनधा"रण वष"/Asstt. Years: 2011-2012 A.C.I.T., M/S Bhavani Industries, Circle-2(1), Vs. C/1-B, 236/3, Gidc, Rajkot. Aji Industrial Estate, Rajkot.

125 of paper book] which clearly establish that the respondent has satisfied all the condition laid down in section 80IC of the Act and eligible to claim deduction u/s.80ICoftheAct. • The respondent has also furnished quantitative details in Audit Report of both the unit [page no.81 to 101 of paper book]. Further, during the assessment proceeding the respondent has made available

KAUSHALIYA SAMPATLAL DUDANI,JAMNAGAR vs. INCOME TAX OFFICER, WARD 2(6), JAMNAGAR

In the result, the appeal of the assessee is allowed

Bench: Dr. Arjun Lal Sainiआयकर अपील सं./ Ita No.659/Rjt/2025 िनधा"रण वष"/Assessment Year :2012-2013 Kaushaliya Sampatlal Dudani The Ito, Ward-2(6), बनाम/ K-1/79/4 G.I.D.C., Shanker Ayakar Bhawan, Jamnagar Vs Tekri, Udyognagar, Jamnagar Jamnagar. Gujarart-361005 "ायीलेखासं./जीआइआरसं./Pan/Gir No.: Abnpd8662P (अपीलाथ"/Appellant) (""थ"/Respondent) िनधा"रती की ओर से/Assessee By : Shri Sagar Shah, Ld. Ar राज" की ओर से/Revenue By : Shri Abhimanyu Singh, Ld. Sr-Dr

transfer of shares in Tuni Textiles was bogus. Hence the addition was deleted by the ITAT. In the present case, the assessee has already placed on record the contract notes/bill for sale of shares and this substantiates the fact that assessee or his broker was not involved in price ragging or manipulation activities as alleged by assessing officer. Further, assessing

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ITO, WARD-1 (1) (2),, RAJKOT

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,,JUNAGADH vs. THE INCOME TAX OFFICER-WARD 1(2)(4),, RAJKOT

section 292(C) of the Act, it is considered that these bank accounts pertain to the appellant & the transactions shown in these accounts are true & correct. On considering these transactions as turnover of the appellant, income on these transactions has to be estimated. Apart from these deposits & withdrawals in these accounts, there is no other evidence to decide the income

SHRI BHARATKUMAR ISHWARBHAI BHATIYA,RAJKOT-GUJARAT vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJKOT-GUJARAT

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

THE ITO WARD-1 (2) (1),, RAJKOT vs. SHRI KHRAJMAL LEKHRAJBHAI THAVRANI, RAJKOT

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

SHRI BHARATKUMAR IASHWARBHAI BHATIYA,RAJKOT vs. THE ITO, WARD-1 (1) (2),, RAJKOT

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

THE INCOME TAX OFFICER-WARD-2,, JUNAGADH vs. SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,, JUNAGADH

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

THE DY. COMMR. OF INCOME TAX, CEN. CIR.-1,, RAJKOT vs. BHARATKUMAR ISHWARBHAI BHATIYA,, RAJKOT

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

BHARATKUMAR ISHWARBHAI BHATIYA,,RAJKOT vs. ASSTT. COMMR. OF INCOME TAX, CEN. CIR.-1,, RAJKOT

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income

THE INCOME TAX OFFICER-WARD-2,, JUNAGADH vs. SHRI DAMJIBHAI LEKHRAJBHAI THAVRANI,, JUNAGADH

section 292(C) of the Act, it is considered that these\nbank accounts pertain to the appellant & the transactions shown in these accounts are true &\ncorrect. On considering these transactions as turnover of the appellant, income on these\ntransactions has to be estimated. Apart from these deposits & withdrawals in these accounts,\nthere is no other evidence to decide the income