BABUBHAI KANJIBHAI SAKARIA,JETPUR vs. ITO WD 1(2)(1), RAJKOT, RAJKOT

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

Bench: Dr. Arjun Lal Saini & Shri Dinesh Mohan Sinhaआयकर अपील सं./Ita No. 156/Rjt/2025 (Assessment Year: 2016-17) Babubhai Kanjibhai Sakariya Vs. Ito, Wd 1(2)(1), Rajkot Plot No. 82 Satyam Park, Amarnagar Aaykar Bhavan, Race Course Ring Road, Jetpur,(Rajkot-Gujarat) -360370 Road, Rajkot 360001 "ायीलेखासं./जीआइआरसं./Pan/Gir No.: Agnps7407C (अपीलाथ"/Appellant) (""थ"/Respondent)

182 Taxman 368 (SC).Therefore, interest received of Rs.47,37,762/- is consideration for compulsory acquisition of land itself, and being rural agricultural land it is not a capital asset, and accordingly the same is not chargeable to tax under the head income from capital gains or under any other head of income. Taking the rationale of the High Court

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank CA011014 46,36,58,157\nShree Bharat Enterprises ICICI Bank CA010058 14,03,91,267\nBharat Bhatiya Karnataka Bank SB00325201 35,000\nTotal 84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to the period covered under this assessment. Since the returned income of the assessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank CA011014 46,36,58,157\nShree Bharat Enterprises ICICI Bank CA010058 14,03,91,267\nBharat Bhatiya Karnataka Bank SB00325201 35,000\nTotal 84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee

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

182\nMahek Enterprise ICICI Bank\nCA011014\n46,36,58,157\nShree Bharat Enterprises ICICI Bank\nCA010058\n14,03,91,267\nBharat Bhatiya Karnataka Bank\nSB00325201\n35,000\nTotal\n84,93,54,606\nThese accounts are in the name of the assessee. The cash deposits pertained to\nthe period covered under this assessment. Since the returned income of the\nassessee