“Section 56(2)(vil)”

Section References (mined)Section 56Section 56(2)(vil)3 judgments

KUNAL RAJENDRA MASHRU,MUMBAI vs. ASST COMMISSIONER OF INCOME TAX CIRCLE -1, JUNAGADH

ITA 387/RJT/2025[2017-18]Status: DisposedITAT Rajkot03 Nov 2025AY 2017-18

For Appellant: Shri Abhishek Choksy, ARFor Respondent: Shri Abhimanyu Singh Yadav, Sr.DR

Section 10(2)Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 250Section 56Section 56(2)(vii)

{ "clean_text": "आयकर अपीलीय अधिकरण, राजकोट न्यायपीठ, राजकोट।\nIN THE INCOME TAX APPELLATE TRIBUNAL,\nRAJKOT BENCH, RAJKOT\nBEFORE DR. ARJUN

INCOME TAX OFFICER, WARD-6(2) JAIPUR, NCRB, JAIPUR vs. SH. PANKAJ MEENA, JAIPUR

In the result, the Cross objection of the assessee is allowed for\nstatistical purpose and the appeal of the Revenue stands dismissed

ITA 769/JPR/2023[2016-17]Status: DisposedITAT Jaipur26 Jun 2025AY 2016-17

For Appellant: Sh. Tarun Mittal, CAFor Respondent: Sh. Gorav Avasthi, JCIT

Section 142(1)Section 143(1)(a)Section 143(2)Section 143(3)Section 68

made payment on behalf of the partner or it can gifted the\nadvance payment made by it to the seller as per section 56(2)(vil) of the Income\nTax Act. 1961. The assessee submitted that the firm has made payment and the\ntransfer has been completed

RAMASAMI PALANISAMY,TIRUPUR vs. ITO, WARD-2(1), ERODE

In the result, appeal filed by the assessee is allowed

ITA 2314/CHNY/2024[2016-17]Status: DisposedITAT Chennai25 Mar 2025AY 2016-17

Section 142(1)Section 147

been treated as business income\nin the nature of adventure and taxed accordingly.\n8. The assessee has objected for invoking the provisions of section 56(2)(vil)\nof the Income Tax Act for receiving any sum of money without consideration.\nThe assessee has argued that since the amount of Rs.18