PCIT v. Bhanuprasad D. Trivedi, HUF

87 Taxmann.com 137High Court2017#4075 most cited

What is PCIT v. Bhanuprasad D. Trivedi, HUF authority for?

Income from assets held by a Hindu Undivided Family (HUF) cannot be treated as business income if the primary purpose is investment, not business operations.

29

judgments rely on this decision, according to BharatTax’s citation analysis of 366,339 Indian tax judgments — from 2018 to 2025.

Also referred to as

PCIT v. Bhanuprasad D. Trivedi · HUF · 87 Taxmann.com 137 · business income · investment · HUF · capital gain · Section 10(38) · Section 70 · Section 71

Sections most often in play

Section 10(38)Section 70Section 71

Issues it is cited on

short term capital gainsection 37long term capital gainsection 10transfercompanypersonbusinesstotal incomeinterestindia

Judgments citing PCIT v. Bhanuprasad D. Trivedi, HUF

Shri Ashokkumar Khimraj, Ahmedabad vs. The Income Tax Officer, Ward-3(1), Ahmedabad

In the result, the appeal of the assessee is allowed

ITA 1247/AHD/2015[2006-07]Status: DisposedITAT Ahmedabad01 Jan 2019AY 2006-07

Bench: Shri Waseem Ahmed & Smt Madhumita Royआयकर अपील सं./I.T.A. No. 1247/Ahd/2015 ("नधा"रण वष" / Assessment Year : 2006-07) Shri Ashokkumar Khimraj Ito, बनाम/ Prop. Ridhi Siddhi Ward – 3(1), Vs. Enterprises, 21, Shitalkunj Ahmedabad. Society, Rambaug Road, Ahmedabad. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Afdpk 6404 N .. (अपीलाथ"/Appellant) (""यथ" / Respondent) Shri Parin Shah, A.R. अपीलाथ" ओर से/ Appellant By : Shri Vinod Talwani, Sr. D.R. ""यथ" क" ओर से/Respondent By:

For Appellant: Shri Vinod Talwani, Sr. D.RFor Respondent: 01/11/2018

…आयकर अपील"य अ"धकरण, अहमदाबाद "यायपीठ ‘Mh* अहमदाबाद । IN THE INCOME TAX APPELLATE TRIBUNAL “ D ” BENCH, AHMEDABAD ds le{kA LkoZJh oZJh olhe olhe vgen] ys[kk lnL; , vgen] ys[kk lnL; ,oaoaoaoa Ek/Ek/Ek/Ek/kqferk kqferk jkW;] U; jkW;] U;kfkfkfkf;d lnL; ;d lnL; ds le{kA oZJh oZJh olhe olhe vgen] ys[kk lnL; , vgen] ys[kk lnL; , kqferk kqferk jkW;] U; jkW;] U; ;d lnL; ;d lnL; ds le{kA ds le{kA BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER And SMT MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./I.T.A. No. 1247/Ahd/2015 ("नधा"रण वष" / Assessment Year : 2006-07) Shri Ashokkumar Khimraj ITO, बनाम/ Prop. Ridhi Siddhi Ward – 3(1)…

ACIT, New Delhi vs. M/S. Wig Investment, New Delhi

In the result both the appeals of the revenue and cross objection of the assessee are dismissed

ITA 4141/DEL/2015[2011-12]Status: DisposedITAT Delhi16 Oct 2018AY 2011-12

Bench: Shri Amit Shukla & Shri L.P. Sahu

For Appellant: Shri Vinod Kumar BindalFor Respondent: Shri Vijay Verma, CIT(DR)
Section 143(3)Section 150(1)Section 2(22)(e)Section 263

…INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “D”: NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA No.: -2167/Del/2014 Assessment Year: 2006-07 ACIT M/s. Wig Investment Circle-32(1) 79, Sunder Nagar Vs. New Delhi. New Delhi. PAN AAAFW6972B (Appellant) (Respondent) CO No. 21/Del/2015 (ITA No. 2167/Del/2014) Asstt. Year 2006-07 M/s. Wig Investment ACIT 79, Sunder Nagar Circle-32(1) New Delhi New Delhi. Vs. PAN AAAFW6972B (Appellant) (Respondent) Asstt. Year 2011-12 ACIT M/s. Wig Investment Circle-52(1), 79, Sunder Nagar Room No. 1405, New Delhi. Vs. 14th Floor, E-2 Bl…

ACIT, New Delhi vs. M/S. Wig Investment, New Delhi

In the result both the appeals of the revenue and cross objection of the assessee are dismissed

ITA 2167/DEL/2014[2006-07]Status: DisposedITAT Delhi16 Oct 2018AY 2006-07

Bench: Shri Amit Shukla & Shri L.P. Sahu

For Appellant: Shri Vinod Kumar BindalFor Respondent: Shri Vijay Verma, CIT(DR)
Section 143(3)Section 150(1)Section 2(22)(e)Section 263

…INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “D”: NEW DELHI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA No.: -2167/Del/2014 Assessment Year: 2006-07 ACIT M/s. Wig Investment Circle-32(1) 79, Sunder Nagar Vs. New Delhi. New Delhi. PAN AAAFW6972B (Appellant) (Respondent) CO No. 21/Del/2015 (ITA No. 2167/Del/2014) Asstt. Year 2006-07 M/s. Wig Investment ACIT 79, Sunder Nagar Circle-32(1) New Delhi New Delhi. Vs. PAN AAAFW6972B (Appellant) (Respondent) Asstt. Year 2011-12 ACIT M/s. Wig Investment Circle-52(1), 79, Sunder Nagar Room No. 1405, New Delhi. Vs. 14th Floor, E-2 Bl…

Ketan Pravinchandra Kamdar, Mumbai vs. DCIT Cen Cir 7(3), Mumbai

In the result, the appeals are partly allowed

ITA 135/MUM/2016[2006-07]Status: DisposedITAT Mumbai21 Aug 2018AY 2006-07

Bench: Shri C.N. Prasad () & Shri N.K. Pradhan () Assessment Year: 2006-07 & Assessment Year: 2008-09 Ketan Pravinchandra Dcit, Central Circle- Kamdar, 111, Loha Bhavan, Vs. 7(3) Erstwhile- Acit, P.D. Mello Road, Carnac Central Circle-42, Bunder, Mumbai-400009. Mumbai Aayakar Bhavan, M.K. Road, Mumbai-400020. Pan No. Aabpk6092R Appellant Respondent Assessee By : Mr. Paresh Shaparia, Ar Revenue By : Mr. B. Srinivas, Cit Dr Date Of Hearing : 02/08/2018 Date Of Pronouncement : 21/08/2018

For Appellant: Mr. Paresh Shaparia, ARFor Respondent: Mr. B. Srinivas, CIT DR
Section 143(3)Section 153A(1)(a)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “H” MUMBAI BEFORE SHRI C.N. PRASAD (JUDICIAL MEMBER) AND SHRI N.K. PRADHAN (ACCOUNTANT MEMBER) Assessment Year: 2006-07 & Assessment Year: 2008-09 Ketan Pravinchandra DCIT, Central Circle- Kamdar, 111, Loha Bhavan, Vs. 7(3) Erstwhile- ACIT, P.D. Mello Road, Carnac Central Circle-42, Bunder, Mumbai-400009. Mumbai Aayakar Bhavan, M.K. Road, Mumbai-400020. PAN No. AABPK6092R Appellant Respondent Assessee by : Mr. Paresh Shaparia, AR Revenue by : Mr. B. Srinivas, CIT DR Date of Hearing : 02/08/2018 Date of pronouncement : 21/08/2018 ORDER PER N.K. PRADHAN, AM The…

ACIT, New Delhi vs. M/S. Puran Associates Pvt. Ltd., New Delhi

In the result, the appeal of the Revenue is partly allowed for statistical purposes

ITA 5054/DEL/2015[2011-12]Status: DisposedITAT Delhi20 Aug 2018AY 2011-12

Bench: Shri Amit Shukla & Shri O.P. Kant

For Appellant: Ms. Paramita Tripathi, CIT-DRFor Respondent: Shri M.P. Rastogi, Adv
Section 10(38)Section 111ASection 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F’’ New Delhi BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI O.P. KANT, ACCOUNTANT MEMBER I.T.A. No.3078/DEL/2011 Assessment Year: 2008-09 Assistant Commissioner of vs. M/s. Puran Associates Pvt. Ltd., Income Tax, Circle-14(1), 4th Floor, Punjabi Bhawan, New Delhi. 10 Rouse Avenue, New Delhi. TAN/PAN: AAACP 0458J (Appellant) (Respondent) I.T.A. No.820/DEL/2013 Assessment Year: 2009-10 Deputy Commissioner of vs. M/s. Puran Associates Pvt. Ltd., Income Tax, Circle-14(1), 4th Floor, Punjabi Bhawan, New Delhi. 10 Rouse Avenue, New Delhi. TAN/PAN: AAACP 0458J (…

DCIT, New Delhi vs. M/S. Puran Associates Pvt. Ltd., New Delhi

In the result, the appeal of the Revenue is partly allowed for statistical purposes

ITA 820/DEL/2013[2009-10]Status: DisposedITAT Delhi20 Aug 2018AY 2009-10

Bench: Shri Amit Shukla & Shri O.P. Kant

For Appellant: Ms. Paramita Tripathi, CIT-DRFor Respondent: Shri M.P. Rastogi, Adv
Section 10(38)Section 111ASection 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F’’ New Delhi BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI O.P. KANT, ACCOUNTANT MEMBER I.T.A. No.3078/DEL/2011 Assessment Year: 2008-09 Assistant Commissioner of vs. M/s. Puran Associates Pvt. Ltd., Income Tax, Circle-14(1), 4th Floor, Punjabi Bhawan, New Delhi. 10 Rouse Avenue, New Delhi. TAN/PAN: AAACP 0458J (Appellant) (Respondent) I.T.A. No.820/DEL/2013 Assessment Year: 2009-10 Deputy Commissioner of vs. M/s. Puran Associates Pvt. Ltd., Income Tax, Circle-14(1), 4th Floor, Punjabi Bhawan, New Delhi. 10 Rouse Avenue, New Delhi. TAN/PAN: AAACP 0458J (…

ACIT, New Delhi vs. M/S Puran Associates Pvt. Ltd., New Delhi

In the result, the appeal of the Revenue is partly allowed for statistical purposes

ITA 3078/DEL/2011[2008-09]Status: DisposedITAT Delhi20 Aug 2018AY 2008-09

Bench: Shri Amit Shukla & Shri O.P. Kant

For Appellant: Ms. Paramita Tripathi, CIT-DRFor Respondent: Shri M.P. Rastogi, Adv
Section 10(38)Section 111ASection 143(3)Section 14A

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F’’ New Delhi BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI O.P. KANT, ACCOUNTANT MEMBER I.T.A. No.3078/DEL/2011 Assessment Year: 2008-09 Assistant Commissioner of vs. M/s. Puran Associates Pvt. Ltd., Income Tax, Circle-14(1), 4th Floor, Punjabi Bhawan, New Delhi. 10 Rouse Avenue, New Delhi. TAN/PAN: AAACP 0458J (Appellant) (Respondent) I.T.A. No.820/DEL/2013 Assessment Year: 2009-10 Deputy Commissioner of vs. M/s. Puran Associates Pvt. Ltd., Income Tax, Circle-14(1), 4th Floor, Punjabi Bhawan, New Delhi. 10 Rouse Avenue, New Delhi. TAN/PAN: AAACP 0458J (…

DCIT, New Delhi vs. Sh. Mohinder Puri, New Delhi

In the result, ITA.No.2310/Del

ITA 2310/DEL/2011[2006-07]Status: DisposedITAT Delhi19 Jun 2018AY 2006-07

Bench: Shri Bhavnesh Saini & Shri L.P. Sahu

For Appellant: Shri Madhur AggarwalFor Respondent: Shri Ravi Kant Gupta, Sr.DR
Section 2(13)Section 28Section 54F

…//FIT FOR PUBLICATION// A.M. J.M. IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES “A” : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA.No.2309/Del./2011 Assessment Year 2006-2007 DCIT, Central Circle-18, Shri Arjun Puri, vs Room No.327, ARA W-82A, Greater Kailash-II, Centre, E-2, Jhandewalan New Delhi – 110 048. Extn., New Delhi -110055 PAN AAEPP9695G (Appellant) (Respondent) ITA.No.2310/Del./2011 Assessment Year 2006-2007 DCIT, Central Circle-18, Shri Mohinder Puri, vs Room No.327, ARA W-82A, Greater Kailash-II, Centre, E-2, Jhandewalan New Delhi – 110 048.…

DCIT, New Delhi vs. Sh. Arjun Puri, New Delhi

In the result, ITA.No.2310/Del

ITA 2309/DEL/2011[2006-07]Status: DisposedITAT Delhi19 Jun 2018AY 2006-07

Bench: Shri Bhavnesh Saini & Shri L.P. Sahu

For Appellant: Shri Madhur AggarwalFor Respondent: Shri Ravi Kant Gupta, Sr.DR
Section 2(13)Section 28Section 54F

…//FIT FOR PUBLICATION// A.M. J.M. IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES “A” : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA.No.2309/Del./2011 Assessment Year 2006-2007 DCIT, Central Circle-18, Shri Arjun Puri, vs Room No.327, ARA W-82A, Greater Kailash-II, Centre, E-2, Jhandewalan New Delhi – 110 048. Extn., New Delhi -110055 PAN AAEPP9695G (Appellant) (Respondent) ITA.No.2310/Del./2011 Assessment Year 2006-2007 DCIT, Central Circle-18, Shri Mohinder Puri, vs Room No.327, ARA W-82A, Greater Kailash-II, Centre, E-2, Jhandewalan New Delhi – 110 048.…