JHONSON ELECTRIC COMPANY LIMITED,,VADODARA vs. THE INCOME TAX OFFICER, WARD-1(1)(3),, VADODARA

Bench: Shri Pawan Singh, Hon'Ble & Shri Arjun Lal Saini, Hon'Bleआ.अ.सं./I.T.A No.754/Ahd/2017 "नधा"रणवष"/Assessment Year: 2008-09 Jhonson Electric Company Vs. The Income Tax Officer, Limited, Ward-1(1)(3), Vadodara – 390007. C/O. C.K.Pithawala Bhimpore, Post: Dumas Dist: Surat. [Pan: Aaacj 4908 P अपीलाथ" / Appellant ""यथ"/Respondent "नधा"रतीक"ओरसे /Assessee By Sh. Saurabh Soparkar With Sh. Mayur K. Swadia Ars. राज"वक"ओरसे /Revenue By Mrs. Anupama Singla – Sr. Dr सुनवाई की तारीख/ Date Of Hearing: 23.09.2020 उ"घोषणा क" तार"ख/Pronouncement On: 22.10.2020 आदेश /O R D E R Per Pawan Singh, Jm: 1. This Appeal By The Assessee Is Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)-1, Vadodara Dated 17.01.2017 For The Assessment Year 2008-09. 2. Grounds Raised By The Assessee Read As Under: The Learned Commissioner Of Income Tax (Appeals) Has Erred In Facts “1. & In Law In Treating Long Term Capital Gain As Short Term Capital Gain. 2. Your Appellant Craves The Right To Add To Or Alter, Amend, Substitute, Delete Or Modify All Or Any Of The Above Grounds Of Appeal.”

148 of the Act was issued on 26.03.2014. The AO after serving statutory notice under section 142(1) and 143(2) proceeded for reassessment. The AO also issued show cause notice on 17.02.2015 requiring the assessee to show cause as to why stamp value of Rs.4.6 Crores be not treated as sale consideration for the purpose of computation of capital

ITO, WARD-2(3)(2), SURAT, SURAT vs. KISHOR BHANUBHAI ASODARIA, SURAT

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

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Bijayananda Pruseth (Accountant Member)

capital gains on penny stock scrip namely JRI Industries & Infrastructure Ltd. In support of the grounds of appeal, Ld. Sr. D.R. requested to sustain the addition made by the assessing officer and allow the Revenue appeal. I.T.A No. 1245//SRT/2024 A.Y. 2015-16 Page No 5 ITO Vs. Kishor Bhanubhai Asodaria 6. Per contra, Ld. Counsel Shri Manish J Shah

SHRI HIMMATBHAI MOHANBHAI KHENI,,SURAT vs. THE ACIT, CIRCLE-9, SURAT

In the result, ground no.1 of the appeal is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Virtual Court Hearing) Shri Himmatbhai Mohanbhai Kheni, Vs. Assistant Commissioner Of 410, Kashi Plaza, Majura Gate, Income Tax, Circle-(9), Surat Surat. [Pan: Abqpk7840K] Appellant Respondednt

148 (P&H)], wherein it was held that when the assessee in that case purchased property under agreement dated 29.05.1970 on the installment basis and was put in possession and to tax thereon being beneficial owner, and sale of the property on 10.02.1973 on the date of final installment, gave rise to long term capital gain. 5. On the other

CHANCHALBEN DAHYABHAI PATEL,DAMAN vs. INCOME TAX OFFICER, DAMAN

section 250 of the Income-tax Act, 1961 (in short, 'the Act') by\nthe National Faceless Appeal Centre, Delhi/Commissioner of Income-tax\n(Appeals) [in short, “NFAC/CIT(E)”] all dated 13.08.2024, for the Assessment\nYears (AY) 2011-12, 2013-14, 2014-15 and 2015-16, which in turn arose out of\nassessment orders passed by Assessing Officer (in short

DHIRUBHAI NANJIBHAI KACHCHADIA,VAPI vs. INCOME TAX OFFICER, WARD-2, VAPI, VAPI

In the result, this appeal of assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Physical Hearing) Dhirubhai Nanjibhai Kachchadia, I.T.O. Ward-2, B-9/83, Near Ambaji Temple, Vapi. Vs. Haria Hospital Road, Gidc, Vapi (Gujarat)-396395. Pan No. Acppk 1953 R Appellant/ Respondent Respondent/ Assessee

capital gain in the return of income. On the basis of such information, the Assessing Officer made his belief that he has a reason to believe that income of assessee has escaped assessment within meaning of Section 147 of the Act. The Assessing Officer after recording reasons, issued notice under Section 148

CHANCHALBEN DAHYABHAI PATEL,DAMAN vs. INCOME TAX OFFICER, DAMAN

section 250 of the Income-tax Act, 1961 (in short, 'the Act') by\nthe National Faceless Appeal Centre, Delhi/Commissioner of Income-tax\n(Appeals) [in short, “NFAC/CIT(E)”] all dated 13.08.2024, for the Assessment\nYears (AY) 2011-12, 2013-14, 2014-15 and 2015-16, which in turn arose out of\nassessment orders passed by Assessing Officer (in short

CHANCHALBEN DAHYABHAI PATEL,DAMAN vs. ITO, DAMAN

section 250 of the Income-tax Act, 1961 (in short, 'the Act') by\nthe National Faceless Appeal Centre, Delhi/Commissioner of Income-tax\n(Appeals) [in short, “NFAC/CIT(E)”] all dated 13.08.2024, for the Assessment\nYears (AY) 2011-12, 2013-14, 2014-15 and 2015-16, which in turn arose out of\nassessment orders passed by Assessing Officer (in short

CHANCHALBEN DAHYABHAI PATEL,DAMAN vs. INCOME TAX OFFICER, DAMAN

section 250 of the Income-tax Act, 1961 (in short, 'the Act') by\nthe National Faceless Appeal Centre, Delhi/Commissioner of Income-tax\n(Appeals) [in short, “NFAC/CIT(E)”] all dated 13.08.2024, for the Assessment\nYears (AY) 2011-12, 2013-14, 2014-15 and 2015-16, which in turn arose out of\nassessment orders passed by Assessing Officer (in short

RAJESHBHAI D. DUNGARANI (HUF),SURAT vs. INCOME TAX OFFICER, WARD -3(2)(3), SURAT

In the result, the substantial ground of appeal as framed by me is allowed

Bench: Shri Pawan Singh(Virtual Hearing) Rajeshbhai D Dungarani (Huf), I.T.O., 15-A, Sundaram Park Society, Ward-3(2)(3), Vs. Dabholi Road, Surat-395004 Surat. (Gujarat) Pan No. Aakhr 4970 E Appellant/ Assessee Respondent/ Revenue

capital gain under taxation under Section 68 of the Act. 7. Aggrieved by the additions in the assessment order, the assessee filed appeal before the ld. CIT(A). Before the ld. CIT(A), the assessee challenged the additions under Section 68 of the Act. No grounds of appeal against reopening under section 147 or validity on notice under section 148

PRAKASHSINH THAKOR,SURAT vs. ACIT, CIRCLE-2(2), SURAT

In the result, this appeal of assessee is allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) Prakashsinh Thakor, A.C.I.T., 53, Pratap Nagar, Delad, Olpad, Circle2(2), Vs. Surat-394540 Surat. Pan: Alhpt 9125 B Appellant Respondednt

Section 148 of the Act as the assessee was not having taxable income. The co- owner of land filed his return of income by taking cost of acquisition @ Rs. 50/- per square meter and offered capital gain

SHRI MAHESHBHAI M.PANDYA,VAPI vs. INCOME TAX OFFICER, WARD-6, VAPI

In the result, all the grounds of appeals raised by the assessee are allowed

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.388/Srt/2018 (Ay 2008-09) (Hearing In Virtual Court) Shri Maheshbhai M Pandya, Income Tax Officer, 9, Dipkiran Co-Op. Hsc, Ward-6, Vapi, Vs Society, Nr.N.H.-8, Gidc, Vapi-396195 Pan No. Afupp 6452 J अपीलाथ"/Appellant ""थ" /Respondent

section 148 of the Act, while passing assessment order, the Assessing Officer initiated penalty. The Assessing Officer while levying penalty held that the assessee has not shown Long Term Capital Gains

ARUN KUMAR GUPTA, DCIT, CIRCLE-1(3), SURAT, ADAJAN vs. CHUNIBHAI HARIBHAI GAJERA, ADARSH NAGAR SOCIETY

In the result, the appeal of the revenue is dismissed

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita Nos.778 & 779/Srt/2023 Assessment Years: (2013-14 & 2014-15) (Physical Hearing) Dcit, Vs. Chunibhai Haribhai Gajera, Circle - 1(3), 67, Adarsh Nagar Society, Athwalines, Surat Surat - 395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aawpg3525A (अपीलाथ"/Appellant) (""थ" /Respondent) Appellant By Shri Mukesh Jain, Cit-Dr Respondent By Shri Rasesh Shah, Ca Date Of Hearing 03/09/2025 Date Of Pronouncement 17/11/2025

148 of the Act on 29.03.2018. In response, assessee filed return of income declaring total income at Rs.1,43,91,600/-. Thereafter, notice u/s.143(2) of the Act was issued on 24.10.2018. As per the investigation report, M/s Kyra Landscapes Ltd (earlier named as M/s TCL Technologies Ltd) was indulged in providing bogus long-term capital gain to different persons

ARUN KUMAR GUPTA, DCIT, CIRCLE-1(3), SURAT, ADAJAN vs. CHUNIBHAI HARIBHAI GAJERA, ADARSH NAGAR SOCIETY

In the result, the appeal of the revenue is dismissed

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita Nos.778 & 779/Srt/2023 Assessment Years: (2013-14 & 2014-15) (Physical Hearing) Dcit, Vs. Chunibhai Haribhai Gajera, Circle - 1(3), 67, Adarsh Nagar Society, Athwalines, Surat Surat - 395 001 "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aawpg3525A (अपीलाथ"/Appellant) (""थ" /Respondent) Appellant By Shri Mukesh Jain, Cit-Dr Respondent By Shri Rasesh Shah, Ca Date Of Hearing 03/09/2025 Date Of Pronouncement 17/11/2025

148 of the Act on 29.03.2018. In response, assessee filed return of income declaring total income at Rs.1,43,91,600/-. Thereafter, notice u/s.143(2) of the Act was issued on 24.10.2018. As per the investigation report, M/s Kyra Landscapes Ltd (earlier named as M/s TCL Technologies Ltd) was indulged in providing bogus long-term capital gain to different persons

JERAMBHAI BHAGVANBHAI GOHIL,VARACHHA, SURAT vs. INCOME TAX OFFICER, WARD 3(3)(2), SURAT

In the result, appeal of the assessee is allowed

Bench: SHRI PAWAN SINGH (Judicial Member)

148 of the I.T. Act 1961. Jerambhai B Gohil 2. On the facts and circumstances of the case as well as law on the subject the learned Commissioner of Income Tax(Appeals), National Faceless Appeal Centre has erred in confirming the action of assessing office in disallowing exemption of Rs.22,54,910/- claimed by the assessee

ANILBHAI DESAI,SURAT vs. ITO, WARD 2(3)(1), SURAT

In the result, these three appeals (ITA 1059 & 1060 & 1061/Srt/2025 for\nAY 2012-13) of the assessee are allowed for statistical purposes

sections": [ "148", "144", "50C", "45", "48" ], "issues": "Whether the AO erred in reopening the assessment by issuing notice u/s 148 and passing an ex-parte order u/s 144 without proper adjudication and whether the addition of long-term capital gain

CHAITALI SURIL UDESHI,AHMEDABAD vs. ITO, WARD-3(1)(2), SURAT

In the result, ground no. 3 of the appeal is allowed

Bench: Shri Pawan Singh(Virtual Hearing) Chaitali Suril Udeshi, I.T.O., A-902, Samanvay Residency, Opp: Safal Ward-3(1)(2), Vs. Parisar-2, South Bopal Daskroi, Surat. Ahmedabad, Gujarat (India). Pan No. Ahgpd 9813 R Appellant/ Assessee Respondent/ Revenue

148, the assessee filed return of income on 24/10/2018 declaring income of Rs. 71,440/-. The Assessing Officer after serving notice under Section 143(2) of the Income Tax Act, 1961 (in short, the Act) proceeded for assessment. During the assessment, the Assessing Officer noted that the assessee sold flat bearing No. A-606, 6th Floor, Evening Glory

DAKSHABEN AJITBHAI DESAI,SURAT vs. ITO, WARD 2(3)(1), SURAT

In the result, these three appeals (ITA 1059 & 1060 & 1061/Srt/2025 for\nAY 2012-13) of the assessee are allowed for statistical purposes

capital gain without considering the cost of acquisition and failed to refer the matter to the DVO for determining the fair market value. The CIT(A) had partly allowed the appeal, directing the AO to allow the cost of acquisition.", "result": "Allowed", "sections": [ "144", "147", "148

BINALBEN PINKESHBHAI NAIK,NA vs. ARIVS.ITO, WARD-1, NAVSARI

In the result, these three appeals (ITA 1059 & 1060 & 1061/Srt/2025 for\nAY 2012-13) of the assessee are allowed for statistical purposes

148", "50C", "45", "48" ], "issues": "Whether the reopening of assessment under section 147 and ex-parte order under section 144 were justified; and whether the addition of sale consideration as long-term capital gains