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3 results for “bogus purchases”+ Section 50C(1)clear

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Key Topics

Section 1325Section 153A4Addition to Income3Section 50C2Section 1482Section 143(3)2Long Term Capital Gains2

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI vs. RADIANCE REALTY DEVELOPERS INDIA LTD., CHENNAI

ITA 2982/CHNY/2024[2020-21]Status: DisposedITAT Chennai02 May 2025AY 2020-21

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

For Appellant: Mr.T.Banusekar, Advocate
Section 132Section 143(3)Section 148

Bogus purchase as stated by you, I request you to provide me 15 days time to reconcile the same.” request you to provide me 15 days time to reconcile the same.” request you to provide me 15 days time to reconcile the same.” 4.6 In light of the above seized electronic material, depositions of the In light of the above

D.RAMGOPAL,COIMBATORE vs. DCIT, CENTRAL CIRCLE-1(1), COIMBATORE

In the result the appeal of the assessee is allowed

ITA 584/CHNY/2022[2014-15]Status: Disposed
ITAT Chennai
23 Oct 2024
AY 2014-15

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 583 /Chny/2022 िनधा"रणवष" / Assessment Year: 2013-14 Deputy Commissioner Of Income Shri. D. Ramagopal, V. Tax, 14-A, 10Th Street, Central Circle -1, Ganapathypudur, Coimbatore. Ganapathy, Coimbatore – 641 006. [Pan: Akgpr-3621-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.: 584/Chny/2022 िनधा"रणवष" / Assessment Year: 2014-15 Principal Commissioner Of Shri. D. Ramagopal, V. Income Tax, 14-A, 10Th Street, Central Circle -2, Ganapathypudur, Chennai. Ganapathy, Coimbatore – 641 006. [Pan: Akgpr-3621-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. G.V. Jhabakh, Advocate ""यथ"क"ओरसे/Respondent By : Shri. Nilay Baran Som, Cit सुनवाई क" तारीख/Date Of Hearing : 06.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 23.10.2024 आदेश /O R D E R

For Appellant: Shri. G.V. Jhabakh, AdvocateFor Respondent: Shri. Nilay Baran Som, CIT
Section 132Section 153ASection 50C

1. The assessing officer and the ld.CIT(A) erred in making addition as Long Term capital Gain without considering the expenses involved therein. 2. The assessing officer and the ld.CIT(A) also not considered the agriculture income and treating the income at nil without considering the agriculture expenses. 3. The assessing officer and the ld.CIT(A) erred in not considering

D.RAMGOPAL,COIMBATORE vs. DCIT, CENTRAL CIRCLE-1(1), COIMBATORE

In the result the appeal of the assessee is allowed

ITA 583/CHNY/2022[2013-14]Status: DisposedITAT Chennai23 Oct 2024AY 2013-14

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 583 /Chny/2022 िनधा"रणवष" / Assessment Year: 2013-14 Deputy Commissioner Of Income Shri. D. Ramagopal, V. Tax, 14-A, 10Th Street, Central Circle -1, Ganapathypudur, Coimbatore. Ganapathy, Coimbatore – 641 006. [Pan: Akgpr-3621-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकरअपीलसं./Ita No.: 584/Chny/2022 िनधा"रणवष" / Assessment Year: 2014-15 Principal Commissioner Of Shri. D. Ramagopal, V. Income Tax, 14-A, 10Th Street, Central Circle -2, Ganapathypudur, Chennai. Ganapathy, Coimbatore – 641 006. [Pan: Akgpr-3621-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. G.V. Jhabakh, Advocate ""यथ"क"ओरसे/Respondent By : Shri. Nilay Baran Som, Cit सुनवाई क" तारीख/Date Of Hearing : 06.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 23.10.2024 आदेश /O R D E R

For Appellant: Shri. G.V. Jhabakh, AdvocateFor Respondent: Shri. Nilay Baran Som, CIT
Section 132Section 153ASection 50C

1. The assessing officer and the ld.CIT(A) erred in making addition as Long Term capital Gain without considering the expenses involved therein. 2. The assessing officer and the ld.CIT(A) also not considered the agriculture income and treating the income at nil without considering the agriculture expenses. 3. The assessing officer and the ld.CIT(A) erred in not considering