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15 results for “capital gains”+ Section 15Aclear

Sorted by relevance

Mumbai53Delhi40Pune16Bangalore15Hyderabad10Ahmedabad8Jaipur7Kolkata4SC2Cochin2Indore2Telangana2Visakhapatnam1Karnataka1

Key Topics

Section 4021Section 143(3)13Section 19511Deduction10Double Taxation/DTAA10Disallowance8Section 133A7Section 9(1)(vii)7TDS6Survey u/s 133A

DCIT, BANGALORE vs. M/S CISCO SYSTEMS INDIA PVT. LTD.,, BANGALORE

In the result, the Revenue’s appeal as well as Assessee’s appeal are partly allowed for statistical purposes

ITA 508/BANG/2015[2010-11]Status: DisposedITAT Bangalore15 Apr 2021AY 2010-11
For Appellant: Sri.Rajan Vora, CAFor Respondent: Sri.Muzafar Hussain, CIT-DR
Section 10ASection 143(3)Section 144CSection 144C(5)

15A. The learned Assessing Officer has erred in making a reference to the TPO without recording a finding that he considers it 'necessary or expedient' to do so as required under section 92CA(1) of the Act, hence the reference made by the Ld AO to TPO suffers from jurisdictional error. 15B. The Learned AO has erred in not granting

CISCO SYSTEMS (INDIA) PRIVATE LIMITED,BANGALORE vs. ASST.C.I.T., BANGALORE

6
Addition to Income5
Section 374

In the result, the Revenue’s appeal as well as Assessee’s appeal are partly allowed for statistical purposes

ITA 505/BANG/2015[2010-11]Status: DisposedITAT Bangalore14 Apr 2021AY 2010-11
For Appellant: Sri.Rajan Vora, CAFor Respondent: Sri.Muzafar Hussain, CIT-DR
Section 10ASection 143(3)Section 144CSection 144C(5)

15A. The learned Assessing Officer has erred in making a reference to the TPO without recording a finding that he considers it 'necessary or expedient' to do so as required under section 92CA(1) of the Act, hence the reference made by the Ld AO to TPO suffers from jurisdictional error. 15B. The Learned AO has erred in not granting

M/S NOVOZYMES SOUTH ASIA PVT LTD ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-5(1)(1), BANGALORE

In the result, both the appeals of the assessee are allowed

ITA 895/BANG/2018[2013-14]Status: DisposedITAT Bangalore29 Jun 2021AY 2013-14

Bench: Shri George George K. & Shri B.R. Baskaranit(Tp)A No.894/Bang/2018 Assessment Year:2012-13

For Appellant: Shri T. Suryanarayan, A.RFor Respondent: Ms. Neera Malhotra, D.R

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of section 37(1) of the Act, it is evident that the aforesaid provision permits

M/S NOVOZYMES SOUTH ASIA PVT LTD ,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX (OSD) CIRCLE-5(1)(1), BANGALORE

In the result, both the appeals of the assessee are allowed

ITA 894/BANG/2018[2012-13]Status: DisposedITAT Bangalore29 Jun 2021AY 2012-13

Bench: Shri George George K. & Shri B.R. Baskaranit(Tp)A No.894/Bang/2018 Assessment Year:2012-13

For Appellant: Shri T. Suryanarayan, A.RFor Respondent: Ms. Neera Malhotra, D.R

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of section 37(1) of the Act, it is evident that the aforesaid provision permits

DEPUTY COMMISSIONER OF INCOME TAX, C-1(1)(1), BANGALORE vs. ALGONOMY SOFTWARE PRIVATE LIMITED (FORMERLY KNOWN AS MANTHAN SOFTWARE SERVICES PVT LTD), BANGALORE

In the result, all the appeals filed by the revenue stands dismissed and the cross objections being C

ITA 945/BANG/2023[2014-15]Status: DisposedITAT Bangalore19 Jan 2024AY 2014-15

Bench: Shri Laxmi Prasad Sahu & Ms. Madhumita Roy

For Respondent: Ms. Neera Malhotra, CIT-DR
Section 143(3)Section 147Section 148Section 40

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of Section 37 (1) of the Act, it is evident that the aforesaid provision permits

DEPUTY COMMISSIONER OF INCOME TAX, C-1(1)(1), BANGALORE vs. ALGONOMY SOFTWARE PRIVATE LIMITED (FORMERLY KNOWN AS MANTHAN SOFTWARE SERVICES PVT LTD), BANGALORE

In the result, all the appeals filed by the revenue stands dismissed and the cross objections being C

ITA 944/BANG/2023[2013-14]Status: DisposedITAT Bangalore19 Jan 2024AY 2013-14

Bench: Shri Laxmi Prasad Sahu & Ms. Madhumita Roy

For Respondent: Ms. Neera Malhotra, CIT-DR
Section 143(3)Section 147Section 148Section 40

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of Section 37 (1) of the Act, it is evident that the aforesaid provision permits

DEPUTY COMMISSIONER OF INCOME TAX, C-1(1)(1), BANGALORE vs. ALGONOMY SOFTWARE PRIVATE LIMITED (FORMERLY KNOWN AS MANTHAN SOFTWARE SERVICES PVT LTD), BANGALORE

In the result, all the appeals filed by the revenue stands dismissed and the cross objections being C

ITA 946/BANG/2023[2015-16]Status: DisposedITAT Bangalore19 Jan 2024AY 2015-16

Bench: Shri Laxmi Prasad Sahu & Ms. Madhumita Roy

For Respondent: Ms. Neera Malhotra, CIT-DR
Section 143(3)Section 147Section 148Section 40

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of Section 37 (1) of the Act, it is evident that the aforesaid provision permits

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1(1)(1), BENGALURU, BENGALURU vs. ALGONOMY SOFTWARE PRIVATE LIMITED, BENGALURU

In the result, the appeals filed by the Revenue for AY 2016-17 to 2018-

ITA 1226/BANG/2024[2017-18]Status: DisposedITAT Bangalore15 Oct 2024AY 2017-18

Bench: Shri George George K. & Ms. Padmavathy S.

For Appellant: Shri Narendra Kumar Jain, AdvocateFor Respondent: Shri R.N. Siddappaji, CIT-DR
Section 133ASection 14Section 195Section 37Section 40Section 9(1)(vii)

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of Section 37 (1) of the Act, it is evident that the aforesaid provision permits

DEPUTY COMMISSIONER OF INCOME TAX-CIRCLE-1(1)(1), BANGALORE., BENGALURU vs. ALGONOMY SOFTWARE PRIVATE LIMITED, BENGALURU

In the result, the appeals filed by the Revenue for AY 2016-17 to 2018-

ITA 1196/BANG/2024[2016-17]Status: DisposedITAT Bangalore15 Oct 2024AY 2016-17

Bench: Shri George George K. & Ms. Padmavathy S.

For Appellant: Shri Narendra Kumar Jain, AdvocateFor Respondent: Shri R.N. Siddappaji, CIT-DR
Section 133ASection 14Section 195Section 37Section 40Section 9(1)(vii)

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of Section 37 (1) of the Act, it is evident that the aforesaid provision permits

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -1(1)(1), BENGALURU, BENGALURU vs. ALGONOMY SOFTWARE PRIVATE LIMITED, BENGALURU

In the result, the appeals filed by the Revenue for AY 2016-17 to 2018-

ITA 1229/BANG/2024[2018-19]Status: DisposedITAT Bangalore15 Oct 2024AY 2018-19

Bench: Shri George George K. & Ms. Padmavathy S.

For Appellant: Shri Narendra Kumar Jain, AdvocateFor Respondent: Shri R.N. Siddappaji, CIT-DR
Section 133ASection 14Section 195Section 37Section 40Section 9(1)(vii)

capital expenditure or personal expenses of the assessee), laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed in computing the income chargeable under the head, "Profits and Gains of Business or Profession". 7. Thus, from perusal of Section 37 (1) of the Act, it is evident that the aforesaid provision permits

KINGFISHER AIRLINES LTD,BANGALORE vs. DDIT, BANGALORE

In the result, the appeals by the revenue are dismissed while the appeals by the Assessee are allowed

ITA 87/BANG/2011[2008-09]Status: DisposedITAT Bangalore23 Jul 2019AY 2008-09

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

For Appellant: NoneFor Respondent: Shri Harinder Kumar, CIT(DR), ITAT, Bengaluru
Section 133ASection 195Section 201(1)Section 9(1)(vii)

Capital gains") for- (i) XXXYXXX (ii) XXXXXXX (iii) XXXXXX (iv) the imparting of any information concerning technical, industrial, commercial or scientific knowledge, experience or skill; (iva) the use or right to use' any industrial, commercial or scientific equipment but not including the amounts referred to in section 44BB; ITA Nos. 86 & 87 and 143& 144/Bang/2011 . Page

KINGFISHER AIRLINES LTD,BANGALORE vs. DDIT, BANGALORE

In the result, the appeals by the revenue are dismissed while the appeals by the Assessee are allowed

ITA 86/BANG/2011[2007-08]Status: DisposedITAT Bangalore23 Jul 2019AY 2007-08

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

For Appellant: NoneFor Respondent: Shri Harinder Kumar, CIT(DR), ITAT, Bengaluru
Section 133ASection 195Section 201(1)Section 9(1)(vii)

Capital gains") for- (i) XXXYXXX (ii) XXXXXXX (iii) XXXXXX (iv) the imparting of any information concerning technical, industrial, commercial or scientific knowledge, experience or skill; (iva) the use or right to use' any industrial, commercial or scientific equipment but not including the amounts referred to in section 44BB; ITA Nos. 86 & 87 and 143& 144/Bang/2011 . Page

DY.DIRECTOR OF INCOME - TAX,, BANGALORE vs. M/S. KING FISHER AIRLINES LTD,, BANGALORE

In the result, the appeals by the revenue are dismissed while the appeals by the Assessee are allowed

ITA 144/BANG/2011[2008-09]Status: DisposedITAT Bangalore23 Jul 2019AY 2008-09

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

For Appellant: NoneFor Respondent: Shri Harinder Kumar, CIT(DR), ITAT, Bengaluru
Section 133ASection 195Section 201(1)Section 9(1)(vii)

Capital gains") for- (i) XXXYXXX (ii) XXXXXXX (iii) XXXXXX (iv) the imparting of any information concerning technical, industrial, commercial or scientific knowledge, experience or skill; (iva) the use or right to use' any industrial, commercial or scientific equipment but not including the amounts referred to in section 44BB; ITA Nos. 86 & 87 and 143& 144/Bang/2011 . Page

DY.DIRECTOR OF INCOME - TAX,, BANGALORE vs. M/S. KING FISHER AIRLINES LTD,, BANGALORE

In the result, the appeals by the revenue are dismissed while the appeals by the Assessee are allowed

ITA 143/BANG/2011[2007-08]Status: DisposedITAT Bangalore23 Jul 2019AY 2007-08

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

For Appellant: NoneFor Respondent: Shri Harinder Kumar, CIT(DR), ITAT, Bengaluru
Section 133ASection 195Section 201(1)Section 9(1)(vii)

Capital gains") for- (i) XXXYXXX (ii) XXXXXXX (iii) XXXXXX (iv) the imparting of any information concerning technical, industrial, commercial or scientific knowledge, experience or skill; (iva) the use or right to use' any industrial, commercial or scientific equipment but not including the amounts referred to in section 44BB; ITA Nos. 86 & 87 and 143& 144/Bang/2011 . Page

GLOBAL E-BUSINESS OPERATIONS PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-5(3)(2), BANGALORE

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 174/BANG/2022[2017-18]Status: DisposedITAT Bangalore16 Nov 2022AY 2017-18

Bench: Shri Chandra Poojari & Shri George George K.

For Appellant: Shri Padam Chand Khincha, A.RFor Respondent: Shri Harinder Kumar, D.R
Section 144(3)Section 37Section 92C

gains. The functional aspect has to be determined by the information in the annual report, which is based on audited financial statements and management reports, for qualitative analysis of comparability. The fact that the company is into ITES segment is corroborated by the corporate. information given at page 45 of the annual report, where it is lucidly stated that