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6 results for “capital gains”+ Section 271Eclear

Sorted by relevance

Delhi11Jaipur9Chennai7Bangalore6Mumbai5Indore5Visakhapatnam4Ahmedabad4Surat3Hyderabad3SC2Amritsar1Cochin1Pune1Patna1Chandigarh1Kolkata1

Key Topics

Section 271D15Section 269S10Penalty6Section 271E5Section 143(3)3Section 2633Addition to Income3Section 542Section 2492Section 250

MAHESHWARAPPA MUNIRAMU,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX, RANGE 2(2), BENGALURU, BENGALURU

In the result, appeal filed by the assessee is allowed

ITA 757/BANG/2025[2017-18]Status: DisposedITAT Bangalore26 Sept 2025AY 2017-18

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2017-18 Maheshwarappa Muniramu #4261/17, 2Nd Cross, 20Th Main Subramanya Nagar Jcit Vs. Bengaluru 560 021 Range 2(2) Bangalore Pan No :Aempm8290C Appellant Respondent Appellant By : Sri Nagaraj K. H., Ca Respondent By : Sri Subramaniam, Jcit Dr Date Of Hearing : 30.06.2025 Date Of Pronouncement : 26.09.2025

For Appellant: Sri Nagaraj K. H., CAFor Respondent: Sri Subramaniam, JCIT DR
Section 143(3)Section 194ISection 244ASection 250Section 269SSection 271DSection 274

271E, section 271F, section 271FA, section 271FAB, section 271FB, section 271G, section 271GA, section 271H, section 271-I, clause (c) or clause (d) of sub- section (1) or sub-section (2) of section 272A, sub-section (1) of section 272AA, or section 272B or sub-section (1) or sub-section (1A) of section 272BB or clause (b) of subsection

2
Exemption2
Capital Gains2

BOMMARABETTU MADHU SUDHANA ACHARYA ,UDUPI vs. INCOME TAX OFFICER, WARD-1 AND TPS, UDUPI

In the result, appeal filed by the assessee is allowed

ITA 937/BANG/2025[2016-17]Status: DisposedITAT Bangalore12 Feb 2026AY 2016-17

Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessment Year: 2016-17

For Appellant: Ms. Pratibha R., A.RFor Respondent: Sri Balusamy N., D.R
Section 143(1)Section 143(2)Section 143(3)Section 250Section 269SSection 271DSection 274Section 54E

capital gain and allowed the exemption claimed under Section 54EC of the Act as claimed by the appellant in full 6. The Ld. CIT(A)ought to have appreciated that the amount received was only the balance consideration at the time of registration and part of the sale consideration and it is neither a loan nor an advance 7. Thus

MFAR HOLDINGS PVT. LIMITED,BANGALORE vs. PR. CIT, BANGALORE

In the result, appeal of the assessee is dismissed

ITA 634/BANG/2015[2010-11]Status: DisposedITAT Bangalore14 Aug 2015AY 2010-11

Bench: Shri. N. V. Vasudevan & Shri. Abraham P. George

For Appellant: Shri. Cherian K Baby, CAFor Respondent: Shri. Sunil Kumar Agarwala, JCIT
Section 143(3)Section 14ASection 263Section 269Section 271DSection 45(2)

Section 269 SS and 269T of the Act. As per the Pr. CIT, AO ought to have ITA.634/Bang/2015 Page - 3 initiated penalty proceedings u/s.271D and 271E of the Act, which he failed to do. 05. To this show-cause notice, assessee filed a detailed reply. On the first issue reply of the assessee was that it was in the business

MS.DIVYA S RAO ,MYSORE vs. THE INCOME TAX OFFICER WARD-1(4), MYSORE

In the result appeals filed by assessee stands allowed

ITA 2384/BANG/2018[2008-09]Status: DisposedITAT Bangalore06 Nov 2020AY 2008-09

Bench: Shri. B.R. Baskaran & Smt. Beena Pillai

For Appellant: Shri V Srinivasan, AdvocateFor Respondent: Shri S Sundar Rajan, Addl. CIT
Section 144Section 148Section 234Section 249Section 271Section 271(1)(b)Section 271(1)(c)

capital gain earned should have been invested as per provisions of sec.54 of the Act. He also emphasised that assessee has not filed her returns of income for year under consideration till date. He submitted that income has escaped assessment in the present circumstances. He supported orders passed by authorities below and submitted that ignorance of law cannot

SRI. GANGASHARA SHETTY, ,DAKSHINA KANNADA vs. INCOME TAX OFFICER, WARD-2(1), MANGALORE

In the result, appeal of the assessee stands allowed

ITA 1633/BANG/2024[2017-18]Status: DisposedITAT Bangalore22 Oct 2024AY 2017-18

Bench: Ms. Padmavathy S. & Shri Prakash Chand Yadavassessment Year: 2017-18

For Appellant: Smt. Sunaiana Bhatia, A.RFor Respondent: Ms. Neha Sahay, D.R
Section 147Section 269SSection 271DSection 273BSection 54

capital gain (LTCG) u/s 54 of the Act as he has utilized the amount of gain in construction of one residential house. Thereafter, the reassessment proceedings were completed at the returned income. However, it has been noticed by the AO that the assessee has received an amount of Rs.6 lakhs in cash while entering into the transaction of sale

SMT SAVITA S GONGADSHETT ,BAGALKOT vs. THE JOINT COMMISSIONER OF INCOME TAX VIJAYAPUR RANGE , VIJAYAPUR

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

ITA 116/BANG/2019[2014-15]Status: DisposedITAT Bangalore20 Jan 2020AY 2014-15

Bench: Shri B.R.Baskaran & Shri Pavan Kumar Gadaleita No.116(Bang)/2019 (Assessment Year : 2014-15) Smt.Savita S Gangadshetti, Gorbal Naka, At Ilkal, Tal. Hungund, Bagalkot Dist. Pan No.Aclpg6870B Appellant Vs The Joint Commissioner Of Income Tax, Vijayapur Range, Vijayapur. Respondent Appellant By : Shri B.S.Balachandran, Advocate Revenue By : Shri M. Vijaykumar, Addl.Cit

For Appellant: Shri B.S.Balachandran, AdvocateFor Respondent: Shri M. Vijaykumar, Addl.CIT
Section 269SSection 269TSection 271DSection 271E

capital account of the assessee. He further submitted that the tax authorities are not justified in treating these transactions as loan transactions. He further submitted that, even if it is considered as loan transactions, the penalty u/s 271E should not have been levied as the transactions entered between close relatives are considered to fall under reasonable cause. For this preposition