SHRI PANKAJ KISHORCHANDRA DESAI,SURAT vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, , SURAT

In the result, the appeal of the assessee is allowed

Bench: Shri Pawan Singh, Jm & Dr. A.L. Saini, Am आयकरअपीलसं./Ita No.303/Srt/2018 (िनधा"रणवष" / Assessment Year: (2013-14) (Virtual Court Hearing) Shri Pankaj Kishorchandra Desai Principal Commissioner Of Income- Tax-1, Aayakar Bhavan, Room No. 401, Vishal Society, Vidhya Vihar Vs. 123, Majura Gate, Surat Society, Jamnagar, Surat-395001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abgpd 9704 M (Appellant ) (Respondent)

house property, investment, future / options trading income, capital gains and income from other sources. The assessee filed his return of income for the year under consideration on 17.07.2013, declaring income of Rs.20,69,100/-. Subsequently scrutiny assessment for the year under consideration was finalized by assessing officer u/s 143(3), dated 04.03.2016 wherein assessee’s return of income was accepted

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)

short) u/s 143(3) r.w.s. 153A of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) vide orders dated 20.03.2015 and 26.12.2016 respectively. 2. Since both these appeals relate to one assessee, identical and common issues are involved, therefore these appeals have been clubbed and heard together and a consolidated order is being passed for the sake

GIRDHARBHAI HARIBHAI GAJERA,SURAT vs. ITO(INTERNATIONAL TAXATION), SURAT

In the result, additional grounds raised by the assessee is allowed

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकर अपील सं./Ita No.143/Srt/2019 (िनधा"रणवष" / Assessment Year: (2015-16) (Physical Court Hearing) Girdharbhai Haribhai Gajera Income Tax Officer 1,Vrushal Nagar, Opp. (International Taxation), 107, 1St Vs. Ktargam Police Station, Floor, Anavil Business Centre, Katargam Road, Surat-35004 Adajan-Hazira Road, Opp. Star Bazar, Adajan, Surat-395009 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abepg 7339 M (Assessee ) (Respondent)

short’ dated 22.02.2019, which in turn arises out of an assessment order passed by the Assessing Officer u/s 143(3) of the Income Tax Act, 1961 [hereinafter referred to as the “Act”] dated 29.12.2017. 2. Grounds of appeal raised by the assessee are as follows: “(I) Addition of Rs.2,44,28,561 as Long Term Capital Gains

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

short “the ld. CIT(A)”], dated 12.09.2019, which in turn arises out of an assessment order passed by Assessing Officer under section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as “the Act”), dated 29.03.2023. 2. The grounds of appeal raised by the assessee are as follows: “1. That the CIT(A) erred in confirming disallowance

SHRI JIGNESHBHAI KISHORBHAI BHAJIYAWALA ( HUF),,SURAT vs. THE INCOME TAX OFFICER, WARD-2(1),, SURAT

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) Jigneshbhai Kishorbhai I.T.O., Bhajiyawala (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aachj 5976 L Appellant Respondednt Jasmine Vilasbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Afypb 3864 L Appellant Respondednt Varshaben Jigneshbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Aejpb 1315 C Appellant Respondednt Vilash Kishorbhai Bhajiyawala I.T.O., (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aaehv 2621 L Appellant Respondednt

house on or before 16/05/2013. (7) Without prejudice to (6) above, assuming even if the new residential premises was incomplete, the appellant having fully utilized the consideration arising out of capital gains before 31/03/2011, relief u/s 54/54F ought to have been granted. (II) Denying relief u/s 54F on Long term capital gains of on sale

SMT. VARSHABEN JIGNESHBHAI BHAJIYAWALA,,SURAT vs. THE INCOME TAX OFFICER, WARD-2(1),, SURAT

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) Jigneshbhai Kishorbhai I.T.O., Bhajiyawala (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aachj 5976 L Appellant Respondednt Jasmine Vilasbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Afypb 3864 L Appellant Respondednt Varshaben Jigneshbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Aejpb 1315 C Appellant Respondednt Vilash Kishorbhai Bhajiyawala I.T.O., (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aaehv 2621 L Appellant Respondednt

house on or before 16/05/2013. (7) Without prejudice to (6) above, assuming even if the new residential premises was incomplete, the appellant having fully utilized the consideration arising out of capital gains before 31/03/2011, relief u/s 54/54F ought to have been granted. (II) Denying relief u/s 54F on Long term capital gains of on sale

SMT. JASMINE VILASBHAI BHAJIYAWALA,,SURAT vs. THE INCOME TAX OFFICER, WARD-2(1),, SURAT

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) Jigneshbhai Kishorbhai I.T.O., Bhajiyawala (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aachj 5976 L Appellant Respondednt Jasmine Vilasbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Afypb 3864 L Appellant Respondednt Varshaben Jigneshbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Aejpb 1315 C Appellant Respondednt Vilash Kishorbhai Bhajiyawala I.T.O., (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aaehv 2621 L Appellant Respondednt

house on or before 16/05/2013. (7) Without prejudice to (6) above, assuming even if the new residential premises was incomplete, the appellant having fully utilized the consideration arising out of capital gains before 31/03/2011, relief u/s 54/54F ought to have been granted. (II) Denying relief u/s 54F on Long term capital gains of on sale

SHRI VILAS KISHORBHAI BHAJIYAWALA (HUF).,SURAT vs. THE INCOME TAX OFFICER, WARD-2(1),, SURAT

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) Jigneshbhai Kishorbhai I.T.O., Bhajiyawala (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aachj 5976 L Appellant Respondednt Jasmine Vilasbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Afypb 3864 L Appellant Respondednt Varshaben Jigneshbhai Bhajiyawala, I.T.O., Kamal Plot No. 40-41, Ward-2(1), Vs. Gayatri Co-Op. Housing Society, Surat. Udhna, Surat-394210. Pan : Aejpb 1315 C Appellant Respondednt Vilash Kishorbhai Bhajiyawala I.T.O., (Huf), Ward-2(1), Vs. Kamal Plot No. 40-41, Surat. Gayatri Co-Op. Housing Society, Udhna, Surat-394210. Pan : Aaehv 2621 L Appellant Respondednt

house on or before 16/05/2013. (7) Without prejudice to (6) above, assuming even if the new residential premises was incomplete, the appellant having fully utilized the consideration arising out of capital gains before 31/03/2011, relief u/s 54/54F ought to have been granted. (II) Denying relief u/s 54F on Long term capital gains of on sale

DCIT, CIRCLE-2(3), SURAT vs. SWASTIK ENTERPRISES, SURAT

In the result, the grounds of appeal raised by the revenue are allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Physical Hearing) D.C.I.T., Swastik Enterprises, Circle-2(3), R.S. No. 130, F.P. 36, T.P.S. 37, Vs. Surat. Behind Althan Gam, Althan, Surat. Pan No. Aakfm 1069 M Appellant/ Assessee Respondent/ Revenue

property. The assessee filed its return of income for the A.Y. 2014-15 on 25/07/2014 declaring income of long term capital gain of Rs. 8,70,33,120/-. The case was selected for scrutiny. During the assessment, the Assessing Officer on perusal of computation of income and other details, found that the assessee has shown long term capital gain

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

short) of Rs.10 lakh on 26.03.2010 but the same were not reflected in his return of income. The assessee in response to query raised by the Assessing Officer furnished the evidence relating to sale of the property and stated that assessee has ½ share in the said property (asset) and received consideration of Rs.25,68,750/- through cheque

SATHAIYA GANAPATHY,PUDUKOTTAI vs. ITO, WARD 1 , BARDOLI

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita No.329 & 330/Srt/2025 Assessment Years: (2015-16) (Physical Hearing) Sathaiya Ganapathy, Vs. Ito, Ts No.4114, South 3 Rd Street, Ward – 1, Pukukottai, Tamil Nadu - 622001 Bardoli "थायीलेखासं./जीआइआरसं./Pan/Gir No: Ahbpg2414Q (अपीलाथ"/Appellant) (""थ" /Respondent) Appellant By Shri Mayank A. Ogriwala, Ca Respondent By Shri Ajay Uke, Sr. Dr Date Of Hearing 02/09/2025 Date Of Pronouncement 26/11/2025

short-term capital gain of the assessee. Accordingly, assessment order was finalized u/s.144 rws 147 rws 144B of the Act, determining total income of the assessee at Rs.1,76,39,323/-. 6. Aggrieved by the order of the AO, the assessee preferred appeal before CIT(A). During appellate proceedings, CIT(A) observed that investment in immovable property was funded

SATHAIYA GANAPATHY,PUDUKOTTAI vs. ITO, WARD 1, BARDOLI

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Dinesh Mohan Sinha & Shri Bijayananda Prusethआयकर अपील सं./Ita No.329 & 330/Srt/2025 Assessment Years: (2015-16) (Physical Hearing) Sathaiya Ganapathy, Vs. Ito, Ts No.4114, South 3 Rd Street, Ward – 1, Pukukottai, Tamil Nadu - 622001 Bardoli "थायीलेखासं./जीआइआरसं./Pan/Gir No: Ahbpg2414Q (अपीलाथ"/Appellant) (""थ" /Respondent) Appellant By Shri Mayank A. Ogriwala, Ca Respondent By Shri Ajay Uke, Sr. Dr Date Of Hearing 02/09/2025 Date Of Pronouncement 26/11/2025

short-term capital gain of the assessee. Accordingly, assessment order was finalized u/s.144 rws 147 rws 144B of the Act, determining total income of the assessee at Rs.1,76,39,323/-. 6. Aggrieved by the order of the AO, the assessee preferred appeal before CIT(A). During appellate proceedings, CIT(A) observed that investment in immovable property was funded

SMT. NAYANABEN F. PATEL,SURAT vs. PR. COMMISSIONER OF INCOME TAX, SURAT-1, SURAT

In the result, the grounds of appeal raised by the assessee is allowed,

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) Smt. Nayanaben F. Patel, Pr.C.I.T. 1, Indraprashtha Society, Surat-1, Vs. Nr. Puna Patiya, Magob, Surat. Surat-395010. Pan: Bhrpp 4706 K Appellant Respondednt

short, the Act) for the Assessment Year (AY) 2016-17. The assessee in her appeal has raised the following grounds of appeal:- “1. On the facts and circumstances of the case as well as law on the subject, the ld. Pr.CIT has erred in passing revisionary order u/s 263 of the I.T. Act setting aside the order of ld. Assessing

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(2), SURAT vs. GEMALSINGH MOHANSINGH SOLANKI, SURAT

In the result, appeal of the Revenue is dismissed

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.447/Srt/2019 (िनधा"रणवष" / Assessment Year: (2009-10) (Virtual Court Hearing) Deputy Commissioner Of Income- Gemalsinh Mohansinh Solanki Tax, Circle-2(3), Room No. 612, 6Th (Huf), 1, Chandramani Society, Vs. Opp. Madhi Ni Khamni, Bhatar Floor, Aayakar Bhavan, Nr.Majura Road, Surat-395001 Gate, Surat-395001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aachg 5158 D (Appellant ) (Respondent)

shortly are as follows: The assessee before us is an individual and engaged in the business of developing and construction. The assessee filed return of income on 30.09.2009, declaring total income of Rs.1,46,937/- including capital gains. The assessee had claimed exemption to the tune of Rs.22,55,830/- u/s 54F of the Act on account of construction

KAMLESH KUMAR GADIYA,SURAT vs. INCOME TAX OFFICER, WARD-1(2)(2), SURAT, SURAT

In the result, ground No.1 and 2 raised by the assessee is allowed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

short) for Assessment Year 2014-15. 2. The assessee has raised following grounds of appeal:- “1 Ground-1: On the facts and the circumstances of the case and as per law, the Ld. Addl. CIT(A) has erred in confirming the additions made by the Ld. Assessing Officer by denying the claim of Long term capital gain

PREETIBEN CHHATRASINGH CHAUHAN,SILVASSA vs. PRINCIPAL COMMISSIONER OF INCOME TAX, VALSAD

In the result, this appeal of assessee is allowed

Bench: Shri Pawan Singh, Jm &Dr. A. L. Saini, Am आयकर अपील सं./Ita No.238/Srt/2023 ("नधा"रणवष" / Assessment Year: (2018-19) (Virtual Court Hearing) Preetiben Chhatrasingh Chauhan Principal Commissioner Of Income Tax-Valsad, 301, 3Rd Floor, Income S.No.127/1, Preeti Industrial, Vs. Estate, 66 Kva Road, Amli, Tax Office, Palak Arcade, Shanti Silvassa-396 230 Nagar, Tithal Road, Valsad-395002 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abnpc 6043 R अपीलाथ"/Appellant ""थ"/Respondent

short “Ld PCIT”) under section 263 of the Income-Tax Act, 1961 (hereinafter referred to as 'the Act'), for the assessment year 2018-19. Grievances raised by the assessee, are as follows: “1. On the facts and circumstances of the case as well as law on the subject, the revision order passed by the learned Principal Commissioner of Income

BILAKHIA HOLDING P LTD,VAPI vs. THE JT.CIT.,VAPI RANGE,, VAPI

In the result, the appeal of the assessee is allowed for assessment year 2010-11

Bench: Shri Sandeep Gosain & Shri O.P.Meena, Accoutant Member आ.अ.सं/.I.T.A No.507/Ahd/2013: िनधा"रण वष"/Assessment Year: 2008-09 आ.अ.सं/.I.T.A.No.1415Ahd/2015: िनधा"रण वष"/Assessment Year: 2009-10 आ.अ.सं/.I.T.A No.1416/Ahd/2015:िनधा"रण वष"/Assessment Year: 2010-11 आ.अ.सं/.I.T.A No.795/Ahd/2016: िनधा"रण वष"/Assessment Year: 2011-12 M/S. Bialkhia Holdings Pvt. Vs. Addl.Cit Range - Vapi / Ltd., Bilakhia House, Assistant Commissioner Of Muktanand Marg, Chala Income Tax Vapi Circle Vapi, Vapi, Gujarat. Shivam Commercial Complex, [Pan: Aadcs 4420 J] National Highway No.8, Vapi. अपीलाथ" Appellant ""यथ"/Respondent

House, Assistant Commissioner of Muktanand Marg, Chala Income Tax Vapi Circle Vapi, Vapi, Gujarat. Shivam Commercial Complex, [PAN: AADCS 4420 J] National Highway No.8, Vapi. अपीलाथ" Appellant ""यथ"/Respondent Shri A. Gopalakrishnan, CA िनधा"रती क" ओर से /Assessee by Shri O. P. Singh CIT (D.R.) राज"व क" ओर से /Revenue by 12.12.2019 सुनवाई क" तारीख/ Date of hearing

BILAKHIA HOLDINGS PVT. LTD.,VAPI vs. THE ACIT.,VAPI CIRCLE, VAPI

In the result, the appeal of the assessee is allowed for assessment year 2010-11

Bench: Shri Sandeep Gosain & Shri O.P.Meena, Accoutant Member आ.अ.सं/.I.T.A No.507/Ahd/2013: िनधा"रण वष"/Assessment Year: 2008-09 आ.अ.सं/.I.T.A.No.1415Ahd/2015: िनधा"रण वष"/Assessment Year: 2009-10 आ.अ.सं/.I.T.A No.1416/Ahd/2015:िनधा"रण वष"/Assessment Year: 2010-11 आ.अ.सं/.I.T.A No.795/Ahd/2016: िनधा"रण वष"/Assessment Year: 2011-12 M/S. Bialkhia Holdings Pvt. Vs. Addl.Cit Range - Vapi / Ltd., Bilakhia House, Assistant Commissioner Of Muktanand Marg, Chala Income Tax Vapi Circle Vapi, Vapi, Gujarat. Shivam Commercial Complex, [Pan: Aadcs 4420 J] National Highway No.8, Vapi. अपीलाथ" Appellant ""यथ"/Respondent

House, Assistant Commissioner of Muktanand Marg, Chala Income Tax Vapi Circle Vapi, Vapi, Gujarat. Shivam Commercial Complex, [PAN: AADCS 4420 J] National Highway No.8, Vapi. अपीलाथ" Appellant ""यथ"/Respondent Shri A. Gopalakrishnan, CA िनधा"रती क" ओर से /Assessee by Shri O. P. Singh CIT (D.R.) राज"व क" ओर से /Revenue by 12.12.2019 सुनवाई क" तारीख/ Date of hearing

BILAKHIA HOLDINGS PVT. LTD.,,VAPI vs. THE ADDL.CIT.,VAPI RANGE,, VAPI

In the result, the appeal of the assessee is allowed for assessment year 2010-11

Bench: Shri Sandeep Gosain & Shri O.P.Meena, Accoutant Member आ.अ.सं/.I.T.A No.507/Ahd/2013: िनधा"रण वष"/Assessment Year: 2008-09 आ.अ.सं/.I.T.A.No.1415Ahd/2015: िनधा"रण वष"/Assessment Year: 2009-10 आ.अ.सं/.I.T.A No.1416/Ahd/2015:िनधा"रण वष"/Assessment Year: 2010-11 आ.अ.सं/.I.T.A No.795/Ahd/2016: िनधा"रण वष"/Assessment Year: 2011-12 M/S. Bialkhia Holdings Pvt. Vs. Addl.Cit Range - Vapi / Ltd., Bilakhia House, Assistant Commissioner Of Muktanand Marg, Chala Income Tax Vapi Circle Vapi, Vapi, Gujarat. Shivam Commercial Complex, [Pan: Aadcs 4420 J] National Highway No.8, Vapi. अपीलाथ" Appellant ""यथ"/Respondent

House, Assistant Commissioner of Muktanand Marg, Chala Income Tax Vapi Circle Vapi, Vapi, Gujarat. Shivam Commercial Complex, [PAN: AADCS 4420 J] National Highway No.8, Vapi. अपीलाथ" Appellant ""यथ"/Respondent Shri A. Gopalakrishnan, CA िनधा"रती क" ओर से /Assessee by Shri O. P. Singh CIT (D.R.) राज"व क" ओर से /Revenue by 12.12.2019 सुनवाई क" तारीख/ Date of hearing