Search: disallowance

3 results for “disallowance”+ Section 54Eclear

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Section 54F12 Section 54E4 Section 54B3 Capital Gains3 Deduction3 Section 143(3)2 Disallowance2 Long Term Capital Gains2 Exemption2

SHITAL PIYUSHKUMAR PATEL,ANAND vs. THE ITO, WARD-4, ANAND

In the result, the appeal of the assessee is allowed

ITA 407/AHD/2024[2009-10]Status: DisposedITAT Ahmedabad23 Oct 2024AY 2009-10

Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal

For Appellant: Shri Mehul K. Patel, A.RFor Respondent: Shri Rignesh Das, Sr. DR

Section 142(1)Section 143(3)Section 54E

disallowed the deduction by observing that the legislation explicitly requires that investments in specified long-term assets be made after the date of the property transfer, meaning that the deduction was inappropriately claimed, since the investment was sourced from personal funds rather than capital gains from the property sale. 4. In appeal, Ld. CIT(Appeals) dismissed the appeal

SHITAL PIYUSHKUMAR PATEL,ANAND vs. THE ITO, WARD-4, ANAND

SHRI BALKRISHNA P.TRIVEDI,HUF,AHMEDABAD vs. THE CIT-III,, AHMEDABAD

SHITAL PIYUSHKUMAR PATEL,ANAND vs. THE ITO, WARD-4, ANAND

SHRI BALKRISHNA P.TRIVEDI,HUF,AHMEDABAD vs. THE CIT-III,, AHMEDABAD

THE ACIT, CIRCLE-2,, AHMEDABAD vs. SHRI BHARATBHAI MADHAVLAL PATEL,, AHMEDABAD