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2 results for “transfer pricing”+ Section 142Aclear

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Key Topics

Section 143(3)7Section 2633Section 142A2Section 50C2Section 153(1)2

SMT. RASHIDABEN TAHER MORAWALA,GODHRA vs. THE DCIT, INT.-TAXA., BARODA

In the result, the appeal filed by the Assessee is hereby allowed

ITA 1353/AHD/2019[2015-16]Status: DisposedITAT Ahmedabad19 Oct 2022AY 2015-16
For Appellant: Shri Bandish Soparkar, A.RFor Respondent: Shri Sudhedu Das, Sr.D.R
Section 142ASection 143(3)Section 153(1)Section 50C

price realized is less. Further the Valuation Officer has valued the same rate for the Terrace area sold. Therefore the valuation arrived by the Valuation Officer is not correct. The above objection was overruled by the Assessing Officer and determined the Long Term Capital Gain as Rs. 11,93,809/- and demanded tax thereon. I.T.A No. 1353/Ahd/2019

SHRI ASHOKKUMAR GOVINDBHAI PATEL,,AHMEDABAD vs. THE INCOME TAX OFFICER, WARD-4(2)(1),, AHMEDABAD

In the result, the appeal of the assessee is allowed

ITA 863/AHD/2017[2012-13]Status: DisposedITAT Ahmedabad17 Jun 2021AY 2012-13
For Appellant: Shri Pritesh Shah, A.RFor Respondent: Shri Vinod Tanwani, CIT-D.R
Section 143(2)Section 143(3)Section 263

142A u/s.57 of the IT Act and the income earned under the some head i.e. income from other sources, We have again replied wide our letter dated 09.03.2015, explaining nexus between the interest on borrowed funds, by providing the personal balance sheet, cash book, bank book and for the opening balances, the statement of tax calculations, and the assessment orders