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3 results for “house property”+ Section 43Cclear

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Karnataka47Telangana15Mumbai11Delhi8Kolkata3Bangalore3Jaipur1SC1Chennai1

Key Topics

Section 1487Section 115J5Section 1473Section 143(3)3Section 683Section 1512Addition to Income2

MR. BHASKAR JOSEPH,BANGALORE vs. INCOME TAX OFFICER, WARD- 6(2)(2), BANGALORE

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

ITA 1737/BANG/2019[2015-16]Status: DisposedITAT Bangalore07 Jun 2022AY 2015-16

Bench: Shri Chandra Poojariassessment Year: 2015-16

For Appellant: Sri Rajeev Nulvi, A.RFor Respondent: Sri Ganesh R. Ghale, A.R., Standing counsel for Revenue
Section 131Section 68

43C, in the case of an eligible assessee engaged in an eligible business, a sum equal to eight per cent of the total turnover or gross receipts of the assessee in the previous year on account of such business or, as the case may be, a sum higher than the aforesaid sum claimed to have been earned by the eligible

GREEN ORCHAND FARM HOUSES ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), BANGALORE

In the result, appeal of the assessee is partly allowed

ITA 879/BANG/2024[2016-17]Status: DisposedITAT Bangalore22 Jul 2024AY 2016-17

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2016-17

For Appellant: Smt. Sheetal Borkar, A.RFor Respondent: Sri Saravanan B., D.R
Section 133(6)Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 151Section 154Section 43C

Properties (P) Ltd. Reported in ITA no. 205 of 2015 where the Hon. Court held that: “Where during assessment, though assessee disclosed before Assessing Officer about joint development agreement with developer and conversion of land by it as investment into stock-in-trade, Assessment Officer did not invoke Section 45(2) to tax consideration as capital gains, subsequent reopening

ING VYSYA BANK LTD. vs. ACIT,

In the result, revenue’s appeal for Assessment Year 2007-08 is dismissed

ITA 898/BANG/2013[2007-08]Status: DisposedITAT Bangalore06 Feb 2015AY 2007-08

Bench: Shri Rajpal Yadav & Shri Jason P. Boaz

For Appellant: Shri S. Ananthan, C.AFor Respondent: Shri Farhat Hussain Qureshi, CIT (D.R)
Section 115JSection 143(3)

property or of rights of a permanent character, possession of which is condition on carrying on trade at all. The assessee in the course of its business acquired certain application software. The amount is paid for application of software and not system software. The application software enables the assessee to carry out his business operation efficiently and smoothly. However, such