LAXMIPAT DUDHERIA ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

section 68 of the Act. 21. That the authorities below erred in refusing to grant the beneficial treatment provided under the Act of the Capital gains earned by the assessee from the transfer of shares in M/s. Blue Circle Services Ltd of Rs. 47,82,937/-. 22. That the authorities below erred in refusing to grant the beneficial treatment provided

LAXMIPAT DUDHERIA ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

section 68 of the Act. 21. That the authorities below erred in refusing to grant the beneficial treatment provided under the Act of the Capital gains earned by the assessee from the transfer of shares in M/s. Blue Circle Services Ltd of Rs. 47,82,937/-. 22. That the authorities below erred in refusing to grant the beneficial treatment provided

LAXMIPAT DUDHERIA,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

section 68 of the Act. 21. That the authorities below erred in refusing to grant the beneficial treatment provided under the Act of the Capital gains earned by the assessee from the transfer of shares in M/s. Blue Circle Services Ltd of Rs. 47,82,937/-. 22. That the authorities below erred in refusing to grant the beneficial treatment provided

LAXMIPAT DUDHERIA ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

section 68 of the Act. 21. That the authorities below erred in refusing to grant the beneficial treatment provided under the Act of the Capital gains earned by the assessee from the transfer of shares in M/s. Blue Circle Services Ltd of Rs. 47,82,937/-. 22. That the authorities below erred in refusing to grant the beneficial treatment provided

SMT. A.P. LAKSHMI GOWRI,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

capital gains, erred in holding that the full value of consideration accruing or arising on the date of execution of the document i.e. 10.09.2008 was Rs. 2,04,03,000/- since the built up area to be allotted to the Appellant was non-existing on the aforesaid date. 6. Exemption u/s. 54F of the Act 6.1 Without prejudice

SRI. A.R. PRASAD,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

capital gains, erred in holding that the full value of consideration accruing or arising on the date of execution of the document i.e. 10.09.2008 was Rs. 2,04,03,000/- since the built up area to be allotted to the Appellant was non-existing on the aforesaid date. 6. Exemption u/s. 54F of the Act 6.1 Without prejudice

SMT.UMA NARENDRA,BANGALORE vs. INCOME-TAX OFFICER, BANGALORE

In the result, the appeal of the assessee is allowed

Bench: Shri Sunil Kumar Yadav & Shri Jason P. Boazassessment Year : 2007-08

capital gain as determined by the learned assessing officer and confirmed by the learned CIT (Appeals) is excessive, unreasonable and the same is liable to be deleted in toto. 9. The learned CIT (Appeals) erred in confirming the levy of interest under Sections 234A

SRI. NARAYANASWAMY,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri Sunil Kumar Yadav & Shri A.K. Garodia

capital gain arose in the hands of the Appellant. 7. Without prejudice, the addition as confirmed by the learned CIT (Appeals) is arbitrary, excessive and ought to be deleted in toto. 8. The learned CIT (Appeals) erred in confirming the levy of interest under Sections 234A

SRI. TEJAS,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri Sunil Kumar Yadav & Shri A.K. Garodia

capital gain arose in the hands of the Appellant. 7. Without prejudice, the addition as confirmed by the learned CIT (Appeals) is arbitrary, excessive and ought to be deleted in toto. 8. The learned CIT (Appeals) erred in confirming the levy of interest under Sections 234A

SRI. KEMPANNA (HUF - DISRUPTED),BANGALORE vs. DCIT, BANGALORE

In the result, the appeal filed by the assessee is allowed

Bench: Shri Sunil Kumar Yadav & Shri Arun Kumar Garodiaassessment Year : 2006-07

capital gains was offered. The learned CIT[A] also held that the facts and circumstances of the appellant's case do not support the claim of deduction u/s.54F of the Act, for not only in not filing the return but Page 7 of 37 also in the absence of meeting the stipulated conditionality required to claim deduction

K. G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

capital gain as offered by the appellant is to be accepted. The appellant denies the liability to pay interest u/s 234A 8. and 234B of the Act. The interest levied being wholly erroneous is to be deleted. 9. In view of the above and on other grounds to be adduced at the time of hearing it is requested that

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

capital gain as offered by the appellant is to be accepted. The appellant denies the liability to pay interest u/s 234A 8. and 234B of the Act. The interest levied being wholly erroneous is to be deleted. 9. In view of the above and on other grounds to be adduced at the time of hearing it is requested that

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

capital gain as offered by the appellant is to be accepted. The appellant denies the liability to pay interest u/s 234A 8. and 234B of the Act. The interest levied being wholly erroneous is to be deleted. 9. In view of the above and on other grounds to be adduced at the time of hearing it is requested that

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

capital gain as offered by the appellant is to be accepted. The appellant denies the liability to pay interest u/s 234A 8. and 234B of the Act. The interest levied being wholly erroneous is to be deleted. 9. In view of the above and on other grounds to be adduced at the time of hearing it is requested that

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

capital gain as offered by the appellant is to be accepted. The appellant denies the liability to pay interest u/s 234A 8. and 234B of the Act. The interest levied being wholly erroneous is to be deleted. 9. In view of the above and on other grounds to be adduced at the time of hearing it is requested that

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

capital gain as offered by the appellant is to be accepted. The appellant denies the liability to pay interest u/s 234A 8. and 234B of the Act. The interest levied being wholly erroneous is to be deleted. 9. In view of the above and on other grounds to be adduced at the time of hearing it is requested that

MR. RAMESH KUMAR,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), MANGALURU

In the result, the appeal filed by the assessee is allowed

capital gains tax under Section 45 of the Act could not be levied for this Assessment Year.", "result": "Allowed", "sections": [ "2(47)(v)", "53A", "45", "234A

DASA SHETTY KANTHA,BANGALORE vs. ACIT CIRCLE 6(3)(1), BANGALORE, BANGALORE

In the result, the appeal of the assessee is partly allowed

capital gains, not business income, and allowed the deduction of costs of improvement and selling expenses.", "result": "Partly Allowed", "sections": [ "2(47)(v)", "53A", "234A