Search: capital gains

6 results for “capital gains”+ Section 56(2)(viib)clear

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Key Topics

Section 43B6 Section 56(2)(viib)6 Addition to Income6 Section 56(2)5 Section 143(3)4 Section 50C4 Section 40A(3)4 Section 56(2)(vii)3 Section 54B3 Disallowance

DCIT, CIR-3(1)(2), AHMEDABAD vs. M/S. OZONE INDIA LTD, AHMEDABAD

In the result, the appeal of the revenue as well as cross objection of the Assessee is dismissed

ITA 2081/AHD/2018[2013-14]Status: DisposedITAT Ahmedabad13 Apr 2021AY 2013-14

Bench: Shri Rajpal Yadav & Shri Pradip Kumar Kedia

For Appellant: Ms. Nupur Shah, A.RFor Respondent: Shri Virendra Ojha, CIT.D.R

Section 56(2)(viib)

Section 56(2) (viib) by AO. Therefore, the net asset over liability of Rs.54,21,16,156/- of amalgamating company is only due to revaluation of land and for accounting purposes, as land of book value of Rs.5.38 crore has been revalued at Rs.59.55 crore and taken as stock in trade. The Honourable Supreme Court in the case of Chain

K.P. WOVEN PVT. LTD.,,AHMEDABAD vs. THE ITO, WARD-2(1)(2),, AHMEDABAD

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

DCIT, CIR-3(1)(2), AHMEDABAD vs. M/S. OZONE INDIA LTD, AHMEDABAD

K.P. WOVEN PVT. LTD.,,AHMEDABAD vs. THE ITO, WARD-2(1)(2),, AHMEDABAD

DCIT, CIR-3(1)(2), AHMEDABAD vs. M/S. OZONE INDIA LTD, AHMEDABAD

K.P. WOVEN PVT. LTD.,,AHMEDABAD vs. THE ITO, WARD-2(1)(2),, AHMEDABAD

VISHNUBHAI MAFATBHAI DESAI,,AHMEDABAD vs. THE ITO, WARD-1(1)(4),, AHMEDABAD

ASSISTANT COMMISSIONER OF INCOME TAX, HYDERABAD vs. MYTRAH VAYU (GUJARAT) PRIVATE LIMITED, HYDERABAD

GUJARAT INFRAPIPES PVT. LTD.,,VADODARA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1),, VADODARA

THE DCIT, CIRCLE-1(1)(1),, VADODARA vs. M/S. GUJARAT INFRA PIPES PVT. LTD.,, VADODARA