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2 results for “section 68”+ Section 55Aclear

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Key Topics

Section 54F2Section 55A2

SHRI ARVINDBHAI POPATLAL PATEL,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-13(4),, AHMEDABAD

In the result appeal filed by the assessee is partly allowed

ITA 374/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad29 Aug 2022AY 2011-12

Bench: Shri Waseem Ahmed, Accountant Memebr & Shri Siddhartha Nautiyal, Judicial Memebr

For Appellant: Shri S. N. Divatia, ARFor Respondent: 02/06/2022
Section 250Section 50CSection 54FSection 55A

55A of the Act which is applicable prospectively. Therefore such amended provisions cannot be applied to the case on hand. Thus we are inclined to reverse the order of the learned CIT-A, and accordingly we direct the AO to work out the capital gain on sale of land and bungalow after taking the value as on 1st April

ACIT CC 2(3) AHMEDABAD, AHMEDABAD vs. AISHA DHIRAJ GOGIA, AHMEDABAD

In the result: 50. To summarize the final outcome:

ITA 1673/AHD/2024[2018-19]Status: DisposedITAT Ahmedabad28 Nov 2025AY 2018-19

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinha["ी संजय गग", "ाियक सद" एवं "ी नरे" साद िस!ा, लेखा सद" के सम#।]

68 r.w.s 115BBE on account of exempt LTCG u/s 10(38) of the Act from penny stock scrip in the shell companies.“ 37. Brief Facts : 37.1. The brief facts relevant to the issue under consideration are that the assessee declared long term capital gain during the year under consideration in respect of shares sold during the year and claimed