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6 results for “capital gains”+ Section 172(3)clear

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Key Topics

Section 35A20Section 115B11Section 143(3)10Section 684Section 69A3House Property3Deduction3Addition to Income3Section 2502Section 148

SMT. AMITA NARANG,DELHI vs. THE DY COMMISSIONER OF INCOME TAX, JAMMU

In the result, the assessee’s appeal is dismissed

ITA 385/ASR/2016[2007-08]Status: DisposedITAT Amritsar25 Mar 2019AY 2007-08

Bench: Sh. Sanjay Arorai.T.A. No. 385/Asr/2016 Assessment Year: 2007-08

For Appellant: Sh. K. R. Jain (Adv.)For Respondent: Sh. Charan Dass (D.R.)
Section 143(3)Section 45Section 48

section,—' 4.2 It is clear, therefore, that the cost incurred by the assessee, deduction for which in computing capital gains, short-term or long-term, could be allowed, other than where incurred in connection with the transfer, is that incurred on the acquisition or improvement of the capital asset transferred, i.e., capital costs. Whether a particular cost qualifies

M/S SANT BABA BHAG SINGH MEMORIAL CHARITABLE SOCIETY,JALANDHAR vs. D.C.I.T, CIRCLE - 1 (EXEMPTION), CHANDIGARH

2
Section 1442
Set Off of Losses2

In the result, the assessee’s appeal is partly allowed

ITA 432/ASR/2017[2014-15]Status: DisposedITAT Amritsar27 Feb 2019AY 2014-15

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 432/(Asr)/2017 Assessment Year: 2014-15

For Appellant: Sh. J. S. Bhasin (Adv.)For Respondent: Sh. Sandeep Chauhan, CIT-DR
Section 115BSection 12ASection 133(6)Section 143(3)Section 68

3), the donations ascribed to DSBBS, i.e., for Rs.435.575 lacs, could not be said to be anonymous donations. Apparently, not. This is as irrespective of the manner and mode of receipt of donation by DSBBS, as far as the assessee is concerned, it is the DSBBS which is the donor, which has in fact confirmed the relevant donation, a good

INCOME TAX OFFICER, FEROZEPUR vs. MS.JATIN AGRO, FORT ROAD

In the result, the appeal of the revenue is dismissed

ITA 104/ASR/2024[2017-18]Status: DisposedITAT Amritsar15 Jan 2026AY 2017-18

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 103 & 104/Asr/2024 Assessment Years: 2014-15 & 2017-18 Ito, Ward-3(1), Vs. M/S Jatin Agro Fort Road, Ferozepur. 152-P, Ferozepur. [Pan:-Aarpm5393F] (Appellant) (Respondent) Sh. Ashray Sarna, Ca Appellant By Respondent By Sh. Sunil Gautam, Cit. Dr

Section 143(3)Section 148Section 250Section 35A

gains of any business or profession which was the assessee at any time during the previous year" 3.1 Thus, the income earned by the assessee during the year under consideration did not fall under the purview of business income and in the absence of business activity, income derived from land or building would clearly fall under the head income from

INCOME TAX OFFICER, WARD-3(1),FEROZEPUR, FEROZEPUR vs. MS.JATIN AGRO, FORT ROAD

In the result, the appeal of the revenue is dismissed

ITA 103/ASR/2024[2014-15]Status: DisposedITAT Amritsar15 Jan 2026AY 2014-15

Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 103 & 104/Asr/2024 Assessment Years: 2014-15 & 2017-18 Ito, Ward-3(1), Vs. M/S Jatin Agro Fort Road, Ferozepur. 152-P, Ferozepur. [Pan:-Aarpm5393F] (Appellant) (Respondent) Sh. Ashray Sarna, Ca Appellant By Respondent By Sh. Sunil Gautam, Cit. Dr

Section 143(3)Section 148Section 250Section 35A

gains of any business or profession which was the assessee at any time during the previous year" 3.1 Thus, the income earned by the assessee during the year under consideration did not fall under the purview of business income and in the absence of business activity, income derived from land or building would clearly fall under the head income from

BALDEV SINGH S/O GAJJAN SINGH,TARN TARAN vs. THE INCOME TAX OFFICER,, TARN TARAN

In the result, the assessee’s appeal is partly allowed

ITA 178/ASR/2016[2010-11]Status: DisposedITAT Amritsar21 Feb 2019AY 2010-11

Bench: Sh. Sanjay Arorai.T.A. No. 178/Asr/2016 Assessment Year: 2010-11

For Appellant: Sh. T. S. Aurora (Adv.)For Respondent: Sh. Charan Dass (D.R.)
Section 110Section 143(3)Section 69A

172 ITR 250 (SC), the expression ‘income’ in section 69A of the Act had a wide meaning which meant anything which came in or a resulted in gain. Further, sections 69 and others are 4 Baldev Singh v. ITO based section 110 of the Evidence Act, which embodies a salutary principle of common law jurisprudence, viz., where a person

SHRI MOHD MANZOOR,RAJOURI vs. INCOME TAX OFFICER WARD -2 (3), JAMMU

In the result, the appeal of the assessee bearing ITA No

ITA 166/ASR/2022[2017-18]Status: HeardITAT Amritsar21 Sept 2023AY 2017-18

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

Section 144Section 250oSection 28Section 44ASection 69A

3. That the CIT(A) has erred in confirming the addition of Rs. 1124000/- u/s 69A ignoring the fact that the said sum of Rs. 1124000/- was already available with him on account of profits earned during the year under consideration for pre- demonetization period as well as during the various previous years and out of withdrawals made during