SIDDHI VINAYAK KNOTS & PRINTS PRIVATE LIMITED,SURAT vs. PR. CIT-2, SURAT, SURAT

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

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.58/Srt/2022 "नधा"रणवष"/Assessment Year: (2017-18) (Physical Court Hearing) Siddhi Vinayak Knots & Prints Pvt. Ltd. Vs. The Pcit-2, A-26, Central Park, Gidc, Pandesara Surat. S.O., Pandesara, Surat-394221. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aamcs4421L

capital receipt had been concluded against the revenue. The satisfaction of the Commissioner, therefore, was based on no material, either legal or factual, which would have given him the jurisdiction to take action under section 263.” 17. In view of the above submission, your honours are requested to quash the revision order passed

KALUBHAI DULABHAI GOLAVIYA,SURAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, , SURAT

In the result, ground raised by the assessee is allowed

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकर अपीलसं./It(Ss)A No.15 & Ita No.619/Srt/2018 (िनधा"रणवष" / Assessment Years: (2011-12 &2014-15) (Virtual Court Hearing) Shri Kalubhai Dulabhai Golaviya Deputy Commissioner Of Income-Tax, B/1-2, Jalaram Society, B/H. Central Circle-2, Aaykar Bhavan, Vs. Gurunagar Society, Varachha Majura Gate, Surat-395001 Road, Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Ablpp 5116 A (अपीलाथ" /Appellant) (""थ" /Respondent)

2(14) of the Act defines the term "capital asset". It states that property "whether connected to business or not" is "capital asset". Hence, even if an asset is connected to business, the gain on the sale is "capital gain". Even section 50 of the Income Tax Act lay down that the gain on the sale of depreciable asset used

INCOME TAX OFFICER, WARD-2(3)(8), SURAT vs. MAHAVEER SHANTILAL JAIN, SURAT

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.453/Srt/2019 "नधा"रण वष"/Assessment Year: (2013-14) (Physical Hearing) The Ito, Vs. Mahaveer Shantilal Jain, Ward-2(3)(8), Prop. M/S Mukesh Diamonds, 1St Surat. Office No.401, Floor, H.No.5/1171/72/73/1090, New Dtc, Hath Falia, Haripura, Surat – 395009. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aqupj6439L Appellant By Shri Ritesh Mishra, Cit(Dr) Respondent By Shri P. M. Jagasheth, Ca Date Of Hearing 08/09/2023 Date Of Pronouncement 25/09/2023

24. On the identical facts, the Hon`ble High Court of Bombay in the case of Pavan Morarka 136 taxmann.com 2 (Bom) held that where AO at Delhi who issued initial reopening notice had no jurisdiction over petitioner as he was assessed to tax at Mumbai, reopening notice issued by AO at Mumbai after case of assessee was transferred

SHRI SABBIRBHAI DAWOODBHAI SHAIKH,SURAT vs. INCOME TAX OFFICER WARD-3(1)(4), SURAT

In the result, the ground No

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) Shri Sabbirbhai Dawoodbhai Income Tax Officer, Ward- Shaikh, 3(1)(4), Anavil Business Vs 7/4539, Galemandi, Centre, Adajan, Surat- Lakkad Kot, 395009 Surat Pan : Aeqps 5688 Q Appellant / Assessee Respondent / Revenue

24,94,166/- after claiming indeed cost of acquisition. The working of capital gains was also furnished. The assessee further submits that he invested in the bonds of NHAI of Rs.10 lakh on 26.03.2010, within six months from the date of sale. Further Rs.15 lakh was deposited in capital gains account on 11.08.2010.The assessee further submits that he purchased residential

MUKESH ARVINDLAL VAKHARIA,SURAT vs. ITO, WARD 2(3)(3), SURAT

Appeal is partly allowed for statistical purposes

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.491/Srt/2019 "नधा"रण वष"/Assessment Year: (2014-15) (Physical Hearing) Mukesh Arvindlal Vakharia, Vs. The Ito, Ward-2(3)(3), C/O Arvind Silk Mills, Om Baug, Ashvini Surat. Kumar Road, Surat - 395006. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abcpv1682L

2) 2014 w.e.f. 01.04.2015. As per this, the deduction u/s 54EC is allowable only upto Rs.50,00,000/- as per the second proviso to S. 54EC(1). However, this proviso was inserted w.e.f. 01.04.2015 and therefore it is not applicable to A.Y. 2014- 15. The reliance is placed on the decision of the Madras High Court in case

SMT. KAMUBEN BHAGUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(2),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. SHANTIBEN MANUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(4),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI ULLASBHAI NATHABHAI BHATIA,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(4),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI PARSOTTAMBHAI SOMABHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(3),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI GIRDHARBHAI RATANJIBHAI PATEL L/H. OF LATE RATANJIBHAI NARANBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(4),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI BHASKERBHAI JAMUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(4),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI HITESHBHAI JAMUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI NANUBHAI DAHYABHAI MAISURIYA,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(3),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. HANSABEN MADANBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI GHANSHYAMBHAI NATVARBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. KAMUBEN CHHAGANBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(2),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. MANIBEN GOVINDBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(2),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI KESHAVBHAI L. PATEL L/H OF LATE LALLUBHAI DEVJIBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(2),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. BEBIBEN JAMUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP