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6 results for “capital gains”+ Section 50C(1)clear

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Key Topics

Section 26310Section 6910Section 143(3)5Section 56(2)(vii)5Addition to Income5Section 1442

THE INCOME-TAX OFFICER, MUKTSAR vs. M/S. MAKKAR COTTON MILLS,, MUKTSAR

ITA 504/ASR/2014[2006/07]Status: DisposedITAT Amritsar01 Aug 2023

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjeei.T.A. No.504/Asr/2014 Assessment Year: 2006-07

Section 144Section 250(6)Section 48Section 50C

50C of Income Tax Act. 1961 by computing the capital gain as per provisions of Section 48 of Income tax Act, 1961 by taking the deemed value of consideration of property, as per registered deeds, as done by the AO in the assessment made in the case of persons/partners who sold the land on behalf of M/s Makkar Cotton Mills

POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR

In the result, the appeal filed by assessee is allowed

ITA 306/ASR/2024[2019-20]Status: Disposed
ITAT Amritsar
09 Jan 2025
AY 2019-20
Section 115BSection 143(3)Section 263Section 263(1)Section 69

50C, read with section 263, of the Income-tax Act, 1961 - Capital gains - Special\nprovision for computation of full value consideration (Revision) - Assessee had filed its\nreturn and same was processed under section 143(1

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. HORIZON BUILDCON PVT. LTD,, JAMMU

In the result, the appeals of the Revenue in I

ITA 671/ASR/2014[2009-10]Status: DisposedITAT Amritsar22 Mar 2023AY 2009-10

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

For Appellant: Sh. Hitendra Bhauraoji Ninawe, CIT DRFor Respondent: S/Sh. P.N. Arora, Adv., Pradeep
Section 69

1 & 2 of A-2 DNR which records various payment made to Sh. Surjit Singh and all of these payments have been found recorded in the books of account of the appellant and verified accordingly during remand proceedings by the Assessing Officer. 13. The Assessing Officer has further relied upon documents A-9 DNB-1 which reproduced various ikrarnamas, photo

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. HORIZON BUILDCON PVT. LTD,, JAMMU

In the result, the appeals of the Revenue in I

ITA 672/ASR/2014[201-11]Status: DisposedITAT Amritsar22 Mar 2023

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

For Appellant: Sh. Hitendra Bhauraoji Ninawe, CIT DRFor Respondent: S/Sh. P.N. Arora, Adv., Pradeep
Section 69

1 & 2 of A-2 DNR which records various payment made to Sh. Surjit Singh and all of these payments have been found recorded in the books of account of the appellant and verified accordingly during remand proceedings by the Assessing Officer. 13. The Assessing Officer has further relied upon documents A-9 DNB-1 which reproduced various ikrarnamas, photo

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. HORIZON BUILDCON PVT. LTD,, JAMMU

In the result, the appeals of the Revenue in I

ITA 673/ASR/2014[2011-12]Status: DisposedITAT Amritsar22 Mar 2023AY 2011-12

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

For Appellant: Sh. Hitendra Bhauraoji Ninawe, CIT DRFor Respondent: S/Sh. P.N. Arora, Adv., Pradeep
Section 69

1 & 2 of A-2 DNR which records various payment made to Sh. Surjit Singh and all of these payments have been found recorded in the books of account of the appellant and verified accordingly during remand proceedings by the Assessing Officer. 13. The Assessing Officer has further relied upon documents A-9 DNB-1 which reproduced various ikrarnamas, photo

SHRI BHUPINDER SINGH ( PROP) THE NEST HOTELS & MOTELS,JALANDHAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3, JALANDHAR

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

ITA 250/ASR/2023[2011-12]Status: DisposedITAT Amritsar22 Nov 2023AY 2011-12

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

Section 133(6)Section 143(3)Section 148Section 250oSection 56(2)(vii)

Capital Gains in respect of same property and where the explanation of the assessee was duly accepted and proceedings filed and thus there could not be I.T.A. No.250/Asr/2023 3 Assessment Year: 2011-12 two yard sticks for the same reasons adjudicated by the Deptt. and which facts the Ld. CIT(A) faceless has chosen not to discuss even. 6 Without