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5 results for “capital gains”+ Section 16Aclear

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Key Topics

Section 50C7Addition to Income4Section 143(3)3Section 373Section 1482Section 234B2Section 92C2Section 143(1)2Section 1322

NABHIRAJ RATNA BALRAJ BY LEGAL HEIR B.R.RAKESH,BANGALORE vs. INCOME-TAX OFFICER, WARD-7(2)(1), BANGALORE

In the result the appeal of the assessee is allowed

ITA 603/BANG/2024[2016-17]Status: DisposedITAT Bangalore26 Jun 2024AY 2016-17

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2016-17

For Appellant: Ms. Suman Lunkar, CAFor Respondent: Shri Subramanian S., Jt.CIT(DR)(ITAT), Bengaluru
Section 147Section 148Section 234BSection 50C

16A of that Act. Explanation 1.—For the purposes of this section, "Valuation Officer" shall have the same meaning as in clause (r) of section 2 of the Wealth-tax Act, 1957 (27 of 1957). Explanation 2.—For the purposes of this section, the expression "assessable" means the price which the stamp valuation authority would have, notwithstanding anything

Transfer Pricing2
Natural Justice2

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, HUBBALLI, HUBBALLI vs. SMT. SHEELA PRASANNAKUMAR , CHITRADURGA

In the result, the appeals of the Revenue are dismissed

ITA 1464/BANG/2024[2018-19]Status: DisposedITAT Bangalore20 Dec 2024AY 2018-19
Section 132Section 153BSection 56(2)(x)

16A,\nclause (i) of sub-section (1) and sub-sections (6) and (7) of section\n23A, sub-section (5) of section 24, section 34,4A,, section 35 and\nsection 37 of the Wealth-tax Act. 1957 (27 of 1957). shall, with\nnecessary modifications, apply in relation to such reference as they\napply in relation to a reference made

DR. VIJAYALAKSHMI L ,BANGALORE vs. INCOME TAX OFFICER, WARD-2(2)(3), BANGALORE

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

ITA 571/BANG/2024[2020-21]Status: DisposedITAT Bangalore27 Jun 2024AY 2020-21

Bench: Smt. Beena Pillaiassessment Year : 2020-21 Dr. Vijayalakshmi L, No. 730/D, “Sireesha”, The Income Tax 9Th Cross, 4Th Main, Officer, M C Layout, Ward – 2(2)(3), Vijayanagar, Bangalore. Bangalore – 560 040. Vs. Pan: Acjpv2022J Appellant Respondent

For Appellant: Shri Tharun Kothari, CA
Section 143(1)Section 143(1)(a)Section 234BSection 250

gains were 6,01,261). The learned CIT(A) failed to appreciate that the data entered in the form was accurate and the processing has been made erroneously and the adjustment ought to have been deleted in full, on the facts and circumstances of the case. 8. The Appellant denies the liability to pay interest under section 234B

CONTINENTAL AUTOMOTIVE COMPONENTS INDIA PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX,CIRCE-2(1)(1), BANGALORE

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

ITA 390/BANG/2021[2009-10]Status: DisposedITAT Bangalore17 Aug 2023AY 2009-10

Bench: Shri George George K. & Shri Laxmi Prasad Sahu

For Appellant: Shri T. Suryanarayana, AdvocateFor Respondent: Shri Sunil Kumar Singh, CIT-2(DR)(ITAT), Bengaluru
Section 143(3)Section 92C

capital expenditure. thus accepting that the expenses were genuine. 26.1 The ld. AR of the assessee submitted that under the aforesaid agreement, CA GmbH grants a non-exclusive, non-transferable license to use intellectual property owned by it as well as the technical information, to the Appellant for development, manufacturing and sale of automotive products. Compensation for the aforementioned license

WIPRO GE HEALTHCARE PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7(1)(1), BANGALORE

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

ITA 285/BANG/2021[2016-17]Status: DisposedITAT Bangalore03 Feb 2023AY 2016-17

Bench: Shri Chandra Poojari & Shri Anikesh Banerjee

For Appellant: Shri K.R. Pradeep, A.R. &For Respondent: Shri Sunil Kumar Singh, D.R
Section 143(3)Section 144CSection 36(1)(vii)Section 37Section 92C

capital in nature. 6.2. Without prejudice to the above, the learned AO has erred on facts in disallowing an amount of Rs 25,500,765 pertaining to lease rentals on equipment as against the amount of Rs 23,059,332 claimed by the Appellant in the computation of income. 6.3. The learned CIT(A) and the AO have erred