“Section 55(1)”

Section References (mined)Section 55Section 55(1)9 judgments

BIHARILAL,HOSHANGABAD vs. COMISSIONER OF INCOME TAX (APPEALS), NFAC-DELHI

Appeal is allowed for statistical purpose

ITA 278/IND/2025[2018-19]Status: DisposedITAT Indore19 Feb 2026AY 2018-19

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year:2018-19 Assessment Unit Of Income- Biharilal, Tax Department S/O Gaurishankar, 508, Ward No. 15, बनाम/ Shobhapur, Vs. Hoshangabad (Assessee/Appellant) (Revenue/Respondent) Pan: Eonpb2765E Assessee By Ms. Saniya Farhaz Memon, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 29.01.2026 Date Of Pronouncement 19.02.2026

Section 142(1)Section 144Section 147Section 148Section 148ASection 50C(2)

आयकरअपीलीयअिधकरण, इंदौर"ायपीठ, इंदौर IN THE INCOME TAX APPELLATE TRIBUNAL INDORE BENCH, INDORE BEFORE SHRI B.M. BIYANI, ACCOUNTANT MEMBER AND

ABICHANDANI CHARITABLE FOUNDATION,PUNE vs. COMMISSIONER OF INCOME TAX (EXEMPTION),PUNE, PUNE

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 2123/PUN/2024[2024-25]Status: DisposedITAT Pune05 Mar 2025AY 2024-25

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2024-25 Abichandani Charitable Foundation Cit (Exemption), Pune 17, 18, 19, 2Nd Floor, Maha Laxmi Vs. Height, Pune Mumbai Highway, Pimpri, Pune – 411018 Pan: Aawca7578C (Appellant) (Respondent) Assessee By : S/Shri Sharad A Shah & Rohit S Tapadiya Department By : Shri Amol Khairnar Cit-Dr Date Of Hearing : 04-03-2025 Date Of Pronouncement : 05-03-2025 O R D E R

For Appellant: S/Shri Sharad A Shah and Rohit S TapadiyaFor Respondent: Shri Amol Khairnar CIT-DR

Section 12ASection 12A(1)(ac)Section 13(1)(c)

year, or for any term exceeding one year, or reserving a yearly rent are mandatorily required to be registered. Also, as per section 55(1) of the Maharashtra Rent Control Act, 1999, registration of a leave & license agreement shall be registered under the Registration Act, 1908. The relevant provision

SANJEEV KUMAR KATHURIA,YAMUNA NAGAR vs. INCOME TAX OFFICER WARD 1 , YAMUNANAGAR

In the result, the appeal of the assessee is allowed

ITA 329/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh27 Feb 2025AY 2018-19

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

For Appellant: Shri Ajay Jain, C.AFor Respondent: Smt. Kusum Bansal, CIT, DR

Section 143(2)Section 143(3)Section 263Section 40A(3)

passed by the AO cannot be held to be erroneous as the same is in consonance with the stated provisions in Sub Section 55(1)(b) of the Act which apparently has skipped the attention of the Ld. PCIT. 21. Further, we refer to the provision of Explanation ... legislature. Therefore, the argument of the revenue which runs counter to the legislative intent cannot be accepted. [Para 20] Apart from the above, section 55(1)(b )(2)(ii) provides that where the capital asset became the property of the assessee by any of the modes specified under section

AKSHARNANDAN EDUCATION AND FOUNDATION,PUNE vs. COMMISSIONER OF INCOME TAX (EXEMPTION), PUNE, PUNE

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 2462/PUN/2024[-]Status: DisposedITAT Pune21 Feb 2025

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

For Respondent: Shri Amol Khairnar

Section 12(1)(ac)Section 12ASection 13(3)Section 17Section 55(1)

INCOMETAX OFFICER, WARD-3(3), VISAKHAPATNAM vs. SARIPALLI VIMALA DEVI, VISAKHAPATNAM

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

ITA 294/VIZ/2023[2015-16]Status: DisposedITAT Visakhapatnam18 Dec 2024AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.294/Viz/2023 (निर्धारण वर्ा/ Assessment Year : 2015-16) Income Tax Officer - Ward-3(3) Vs. Saripalli Vimala Devi Iind Floor Flat No. 103, Sun N Sea Apartments East Point Colony Infinity Towers Visakhapatnam - 530017 Shankarmatam Road, Santhipuram Visakhapatnam - 530016 Pan: Bddps0883J (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थी की ओरसे/ Assessee By : Sri C. Kameswara Rao, Ar प्रत्यधर्थीकीओरसे/ Revenue By : Dr. Satyasai Rath, Cit-Dr

For Appellant: Sri C. Kameswara Rao, ARFor Respondent: Dr. Satyasai Rath, CIT-DR

Section 143(2)Section 143(3)Section 147Section 148Section 48

owner or by the assessee. According to the High Court, having regard to the definition of the expression 'cost of improvement' contained in section 55(1)(b) in order to entitle the assessee to claim a deduction in respect of the cost of any Page No. 9 I.T.A. No.294/Viz/2023 Saripalli

INDU BALA,DELHI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 60(1), NEW DELHI

In the result, the appeal filed by the assessee is partly allowed

ITA 3869/DEL/2023[2016-17]Status: DisposedITAT Delhi26 Nov 2024AY 2016-17

Bench: SHRI S.RIFAUR RAHMAN (Accountant Member), SHRI SUDHIR PAREEK (Judicial Member)

For Appellant: Shri Neeraj Jain, CAFor Respondent: Shri Om Prakash, Sr. DR

capital asset viz. , land and, consequently and, thus, it did not fall within definition of cost of improvement in terms of provisions of section 55(1) (b) (2). Whether in view of 11 aforesaid, assessee's claim was rightly rejected by authorities below.” 16. In response to the findings

ARJUN DAS JASUJA,JABALPUR vs. THE CIT (IT & TP), AHMEDABAD

In the result, appeal filed by the assessee is allowed

ITA 796/AHD/2024[2019-20]Status: DisposedITAT Ahmedabad15 Oct 2024AY 2019-20

Bench: Ms. Suchitra Kamble & Shri Makarand V. Mahadeokarआयकर अपील सं /Ita No.796/Ahd/2024 िनधा"रण वष" /Assessment Year : 2019-20 Arjun Das Jasuja The Cit (It & Tp) बनाम/ 16, Nayagaon, Rampur Circle-2 V/S. Jebalpur Ahmedabad Madhya Pradesh – 462 008 "थायी लेखा सं./Pan: Aehpj 3059 D अपीलाथ&/ (Appellant) '( यथ&/ (Respondent) Assessee By : Shri Sapan Usrethe, Ar Revenue By : Shri V. Nand Kumar, Cit-Dr सुनवाई की तारीख/Date Of Hearing : 03/10/2024 घोषणा की तारीख /Date Of Pronouncement: 15/10/2024 आदेश/O R D E R Per Makarand V. Mahadeokar, Am:

For Appellant: Shri Sapan Usrethe, ARFor Respondent: Shri V. Nand Kumar, CIT-DR

Section 143(3)Section 263Section 55(1)(b)

contractor. As per the learned CIT, the assessment order was passed without verifying the allowability of the cost of improvement as per Section 55(1)(b)(2) of the Act, and the failure to conduct this inquiry rendered the order erroneous and Arjun Das Jasuja vs. CIT (IT & TP) Asst ... revisionary proceedings under section 263 of the Act by wrongly holding that cost of improvement is not capital asset within the meaning of section 55(1)(b) (2) of the I.T. Act whereas the cost of improvements have been incurred for the property and not movable appliances and details

PRAMOD KASLIWAL,JAIPUR vs. ITO WD. 6(2) , BHAGWAN DASS ROAD, JAIPUR

Appeals of the assessee are allowed statistically

ITA 388/JPR/2022[2017-18]Status: HeardITAT Jaipur02 Jan 2023AY 2017-18

Bench: Ld. Cit/Nfac.

For Appellant: Sh. Pramod Patni (CA)For Respondent: Sh. A. S. Nehra (Addl.CIT) a

Section 143(3)Section 154Section 2Section 49(1)Section 54

understood as the first year in which the previous owner held the said property. iii. Apart from the above, Section 55(1)(b)(2)(i) of the Act provides that where the capital asset became the property of the assessee by any of the modes specified under Section 49(1

PRAMOD KASLIWAL,JAIPUR vs. ITO WD. 6(2) , NEW CENTRAL REVENUE BUILDING, BHAGWAN DASS ROAD, JAIPUR 302005

Appeals of the assessee are allowed statistically

ITA 387/JPR/2022[2017-18]Status: HeardITAT Jaipur02 Jan 2023AY 2017-18

Bench: Ld. Cit/Nfac.

For Appellant: Sh. Pramod Patni (CA)For Respondent: Sh. A. S. Nehra (Addl.CIT) a

Section 143(3)Section 154Section 2Section 49(1)Section 54