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6 results for “capital gains”+ Demonetizationclear

Sorted by relevance

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Key Topics

Cash Deposit5Demonetization5Addition to Income4Section 1443Section 2632Section 143(3)2Section 69A2Long Term Capital Gains2Revision u/s 2632Capital Gains

AJAY KUMAR GUPTA (HUF),AGRA vs. INCOME TAX OFFICER, WARD-2(1)(1), AGRA

In the result, the appeal of the Assessee is allowed

ITA 434/AGR/2025[2017-18]Status: DisposedITAT Agra21 Jan 2026AY 2017-18

Bench: Shri M. Balaganeshajay Kumar Gupta (Huf), Vs. Income Tax Officer, F-163/1, Kamla Nagar, Ward-2(1)(1), Agra Agra (Appellant) (Respondent) Pan: Aajha4155K Assessee By : Shri Anurag Singha, Adv Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 19/01/2026 Date Of Pronouncement 21/01/2026

For Appellant: Shri Anurag Singha, AdvFor Respondent: Shri Anil Kumar, Sr. DR
Section 143(3)Section 44A

capital gains - Rs. 6,06,669 4. The sale consideration of silver was received in cash to the tune of Rs. 33,28,500/- which was deposited by the Assessee in the bank account which fell during the demonetization

RADHA GUPTA,KALA MAHAL, AGRA vs. INCOME TAX OFFICER-2(1)(3), , AGRA

Appeal are dismissed

2
ITA 102/AGR/2024[2017-18]Status: DisposedITAT Agra17 Feb 2025AY 2017-18

Bench: : Shri Satbeer Singh Godara & Shri Manoj Kumar Aggarwalassessment Year: 2017-18

Section 143(3)Section 234ASection 69A

capital gain on sale of this silver bullion as the cost of silver bullion exceeds the sale price. Therefore, the assessee has not disclosed the sale of this silver bullion in her return of income. The assessee has sold some silver bullion through Shri Abhishek Bansal, the broker to unregistered persons. During the course of assessment proceedings, the assessee

MARSHAL SECURITY SERVICES,AGRA vs. ASSISTANT COMMISSIONER OF INCOME TAX, AGRA

In the result, the appeal is allowed

ITA 131/AGR/2025[2016-17]Status: DisposedITAT Agra28 Oct 2025AY 2016-17
Section 143(1)Section 143(2)Section 144Section 250

demonetization\nperiod.\"\nOrder passed by AO: AO added cash deposited in the income during the\nperiod from 05.11.2016 to 17.12.2016 as unexplained cash.\nContention of the Assessee: Rs. 100000/- was deposited on 04.11.2016 and\n400000/- was deposited on 08.11.2016 was outside the purview of\ndemonetization and by doing so AO exceeded the limit.\nHeld: Allowed the relief to that extent

ARADHANA ANEJA,GWALIOR vs. ITO 2(3), GWALIOR

The appeal stands partly allowed

ITA 144/AGR/2024[2017-18]Status: DisposedITAT Agra28 Mar 2025AY 2017-18

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं. / Ita No.144/Agr/2024 (िनधा"रणवष" / Assessment Year: 2017-18) Smt. Aradhna Aneja Ito 2(3) बनाम/ F-243, Harishankarpuram Gwalior Vs. Gwalior 474 002 "थायीलेखासं./जीआइआरसं./Pan/Gir No. Ajgpa-9060-R (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : None ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 19-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28.03.2025

For Appellant: NoneFor Respondent: Shri Shailendra Shrivastava – Ld. Sr. DR
Section 115BSection 144

capital gains was deleted considering the remand report. 3. During appellate proceedings, it was the submission of the assessee that it had deposited cash of Rs.10 Lacs on 03-09-2016 which was sourced out of sale proceeds of mother’s ancestral gold jewellery as inherited by her. The other deposit of Rs.3.50 Lacs on 14-09-2016 were stated

SHRI GOPAL SAXENA,FARRUKHABAD vs. PCIT-1 , AGRA, AGRA

Appeals are allowed in above terms

ITA 43/AGR/2022[2017-18]Status: DisposedITAT Agra12 Feb 2025AY 2017-18

Bench: Shri Satbeer Singh Godara & Shri Manoj Kumar Aggarwalita No. 43 /Agr/2022 (Assessment Year 2017-18)

For Appellant: Sh. Sahib P. Satsangi, AdvFor Respondent: Sh. Sukesh Kumar Jain, CIT, DR
Section 263

capital gain in her hand. We are of the considered view, in light of PCIT vs. Weilburger Coatings (India) (P.) Ltd (2023) 155 taxmann.com 580 (Cal) that such a revision proposal beyond the scope of “limited” scrutiny is not sustainable in law. Learned PCIT’s impugned directions are reversed therefore. The assessee Smt. Kumkum Saxena succeeds in her instant appeal

KUMKUM SAXSENA,FARRUKHABAD vs. PCIT-1, AGRA, AGRA

Appeals are allowed in above terms

ITA 44/AGR/2022[2017-18]Status: DisposedITAT Agra12 Feb 2025AY 2017-18

Bench: Shri Satbeer Singh Godara & Shri Manoj Kumar Aggarwalita No. 43 /Agr/2022 (Assessment Year 2017-18)

For Appellant: Sh. Sahib P. Satsangi, AdvFor Respondent: Sh. Sukesh Kumar Jain, CIT, DR
Section 263

capital gain in her hand. We are of the considered view, in light of PCIT vs. Weilburger Coatings (India) (P.) Ltd (2023) 155 taxmann.com 580 (Cal) that such a revision proposal beyond the scope of “limited” scrutiny is not sustainable in law. Learned PCIT’s impugned directions are reversed therefore. The assessee Smt. Kumkum Saxena succeeds in her instant appeal