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4 results for “disallowance”+ Section 54Gclear

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Key Topics

Section 2638Section 54G8Section 143(3)6Section 54B4Deduction3Addition to Income3Section 54F2Section 142(1)2Disallowance2Exemption

REJESHRI OMPRAKASH MALVIYA,AHMEDABAD vs. THE ITO, WARD-4(1)(1) (PREVIOUSLY WARD-4(1)(3)), AHMEDABAD

In the result, appeal of the assessee is partly allowed for statistical purpose

ITA 1053/AHD/2024[2014-15]Status: DisposedITAT Ahmedabad04 Feb 2025AY 2014-15

Bench: Dr. Brr Kumar & Ms. Suchitra Kambleassessment Year: 2014-15

Section 10(37)Section 142(1)Section 143(2)Section 250Section 54BSection 54G

Section 54G of the Act. The assessee was called upon to furnish various details but the assessee did not make any compliance. On 09.07.2016, the assessee’s Written Submission was taken on record and the Assessing Officer made addition of Rs.1,27,21,724/- in respect of income from capital gain thereby disallowing

2
Natural Justice2

DCIT, CIRCLE-2(1) (1),, BARODA vs. M/S THE SPUNPIPE & CONSTRUCTION CO. (BARODA) PVT. LTD.,, BARODA

In the result, the appeal of the Revenue is dismissed

ITA 1651/AHD/2017[2010-11]Status: DisposedITAT Ahmedabad29 Jan 2019AY 2010-11

Bench: Shri Pradip Kumar Kedia & Shri Mahavir Prasadआयकर अपील सं./I.T.A. No. 1651/Ahd/2017 ("नधा"रण वष" / Assessment Year : 2010-11)

For Appellant: Shri Mudit Nagpal, Sr.D.R
Section 271Section 271(1)(c)Section 54G

disallowance but willful and deliberate attempt to claim deduction u/s. 54G of the Act, with an intention to evade tax, thereby liable for penalty u/s. 271(1)(c) of the Act, since the assessee itself admitted the fact that land sold was not a land used for purpose as specified in section

SAHEB INDUSTRIES,ANKLESHWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), VADODARA

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 1791/AHD/2024[2020-21]Status: DisposedITAT Ahmedabad25 Feb 2025AY 2020-21

Bench: Dr. Brr Kumar & Shri Siddhartha Nautiyal

For Appellant: NoneFor Respondent: Shri V. Nandakumar, CIT-DR
Section 142(1)Section 272A(1)(d)Section 40Section 54G

disallowed and added back in total income U/s. 40(b) of the Income Tax Act in the Return of AOP M/s. Neptune Associates and interest income of Rs. 2,43,465/- has already been offered as income from other sources. Accordingly, total interest income of Rs. 61,51,804/- as mentioned in Form No. 26AS have already been considered

BHOGILAL BHAILALBHAI PATEL,VADODARA vs. THE PR. CIT-1, VADODARA

In the result, the appeal of the assessee is dismissed

ITA 613/AHD/2024[2015-16]Status: DisposedITAT Ahmedabad28 Nov 2024AY 2015-16

Bench: Shri T.R. Senthil Kumar & Shri Narendra Prasad Sinhaआयकर अपील सं./I.T.A. No. 613/Ahd/2024 ("नधा"रण वष" / Assessment Year : 2015-16) बनाम/ Bhogilal Bhailalbhai The Pr. Commissioner Of Patel Income Tax-1 Vs. 475/2, Sagar Faliya, At & Vadodara Post Bhayali, Vadodara - 391410 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Bkkpp3136R (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Shri Hemant Suthar, A.R. ""यथ" क" ओर से/Respondent By : Shri Samir Tekriwal, Cit. Dr 19/11/2024 Date Of Hearing Date Of Pronouncement 28/11/2024

For Appellant: Shri Hemant Suthar, A.RFor Respondent: Shri Samir Tekriwal, CIT. DR
Section 143(3)Section 263Section 54BSection 54F

Section 263 of the Income Tax Act, 1961 (in short ‘the Act’) for the Assessment Year 2015-16. 2. The brief facts of the case are that the assessee had filed the return of income for A.Y. 2015-16 on 31.08.2015 declaring total income of Rs.6,19,980/- and agricultural income of Rs. 1,94,450/-. The original assessment