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3 results for “reassessment”+ Long Term Capital Gainsclear

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Key Topics

Section 15410Section 1476Section 143(3)4Section 1483Long Term Capital Gains3Reassessment3Addition to Income3Section 69A2

DR. AROTI GHOSH,ALLAHABAD vs. ITO, WARD-1(1), ALLAHABAD

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

ITA 37/ALLD/2022[2008-09]Status: DisposedITAT Allahabad15 Sept 2023AY 2008-09

Bench: Shri Aby T. Varkey & Shri Ramit Kocharassessment Year: 2008-09

For Appellant: Sh. S.K. Jaiswal, C.AFor Respondent: Sh. A.K. Singh, Sr. DR
Section 143(3)Section 147Section 148Section 154

reassessment proceedings u/s 147, it was observed by AO that the assessee has not declared transactions in the shares with Kotak Securities. The date wise transactions of equity and derivative segment were called by the AO from the Kotak Securities, which revealed that the assessee has made profit of Rs. 39,67,163/- towards long term capital gain

AROTI GHOSH,ALLAHABAD vs. INCOME TAX OFFICER WARD-1(1), ALLAHABAD

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

ITA 23/ALLD/2025[2008-09]Status: DisposedITAT Allahabad04 Jun 2025AY 2008-09

Bench: Shri Anadee Nath Misshra & Shri Subhash Malguria

Section 10(38)Section 143(2)Section 143(3)Section 147Section 234ASection 69

reassessment proceeding under section 147 is altogether fallacious and not into existence at all. 5. BECAUSE no notice under section 143(2) has been served upon appellant within stipulated time, therefore the whole of the assessment proceeding is vitiated for want of valid jurisdiction. 6. BECAUSE the NFAC has erred in law and on facts in sustaining addition of Rs.39

MOHD UBAID ANSARI,ALLAHABAD vs. ITO, ALLAHABAD , ALLAHABAD

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

ITA 62/ALLD/2025[2015-16]Status: DisposedITAT Allahabad21 Nov 2025AY 2015-16

Bench: Shri. Sudhanshu Srivastavaassessment Year: 2015-16 Mohd Ubaid Ansari V. The Income Tax Department 337, Sultanpur Bhawa (Faceless) Noorulla Road Khuldabad Allahabad (U.P) Tan/Pan:Bajpa0699B (Appellant) (Respondent) Appellant By: None Respondent By: Shri A. K. Singh, D.R. O R D E R

For Appellant: NoneFor Respondent: Shri A. K. Singh, D.R
Section 115BSection 142(1)Section 144BSection 147Section 149Section 69A

Long Term Capital Gain”. The AO completed the assessment under section 147 read with section 144B of the Act, assessing the total income of the assessee at Rs.39,99,466/-. 2.3 Aggrieved, the Assessee preferred an appeal before the NFAC, which dismissed the appeal of the assessee and confirmed the order of the AO. 2.4 Now, the assessee has approached