PALANISAMY RANI,ERODE vs. PCIT-1, COIMBATORE, COIMBATORE

In the result, the appeal of the assessee is allowed

Bench: Shri Aby T Varkey, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1490/Chny/2023 िनधा"रणवष" / Assessment Year: 2017-18 Principal Commissioner Of Palanisamy Rani, V. Income Tax, 38, Emm Road-2, Chennimalai Coimbatore. Road, Erode – 638 001. [Pan:Biqpr-2991-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. T. Vasudevan, Advocate ""यथ"क"ओरसे/Respondent By : Shri. V. Nandakumar, Cit सुनवाई क" तारीख/Date Of Hearing : 09.05.2024 घोषणा क" तारीख/Date Of Pronouncement : 10.07.2024 आदेश /O R D E R

long term capital asset and, therefore, the capital gains should be computed as long term capital

SHRI VINOD BANSAL,CHENNAI vs. ACI-CENT. CIRCLE-3(2), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Aby T. Varkery, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 445/Chny/2022 िनधा"रण वष" / Assessment Year: 2012-13

long term capital gains derived from sale of certain shares through M/s. Onkar Supply Pvt Ltd. The assessment

SMT. BIMALA DEVI AGARWAL,CHENNAI vs. ACIT,CENTRAL CIRCLE3(1), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 422/Chny/2022 िनधा"रण वष" / Assessment Year: 2012-13

long term capital gains derived from sale of certain shares through M/s. Onkar Supply Pvt Ltd. The assessment

SMT. SHOBA AGARWAL,CHENNAI vs. ACIT CENT CIRCLE 3(2), CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 421/Chny/2022 िनधा"रण वष" / Assessment Year: 2012-13

long term capital gains derived from sale of certain shares through M/s. Onkar Supply Pvt Ltd. The assessment

PANKAJ AGARWAL,CHENNAI vs. PCIT , CHENAI

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 434/Chny/2022 िनधा"रण वष" / Assessment Year: 2012-13

long term capital gains derived from sale of certain shares through M/s. Onkar Supply Pvt Ltd. The assessment

SMT.RITA AGARWAL ,CHENAI vs. PCIT , CHENNAI

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 433/Chny/2022 िनधा"रण वष" / Assessment Year: 2012-13

long term capital gains derived from sale of certain shares through M/s. Onkar Supply Pvt Ltd. The assessment

SHRI RAMASWAMY SHIVARAMAN,,CHENNAI vs. ACIT, CC - 1 (1),, CHENNAI

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकरअपीलसं./Ita No.571/Chny/2020 िनधा"रणवष"/Assessment Year: 2016-17

long term capital gains on the said transaction. The long term capital gain from the said

M.KIRAN KUMAR,CHENNAI vs. ACIT CENTRAL CIRCLE-1(4), CHENNAI

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

Bench: Shri V. Durga Rao & Shri G. Manjunatha

long term capital gain derived from transfer of equity shares of M/s. Mahavir Advanced Remedies Ltd., is bogus in nature, which is assessable as unexplained credit under the head ‘income from other sources’. Hence, we direct the AO to delete additions made towards long term capital gain

BHARATHAN ANAND,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

gains are long term capital gains (other than long term capital gains arising to a non- resident

DR.E.S.KRISHNAMOORTHY,CHENNAI vs. ITO NON CORPORATE WARD 1(4), CHENNAI

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

Bench: Shri V. Durga Rao, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.2529/Chny/2017 िनधा"रण वष" /Assessment Year: 2012-13 Dr.E.S.Krishnamoorthy, V. The Income Tax Officer, No.3, South Mada Street, Non-Corporate Ward-I(4), Srinagar Colony, Saidapet, Chennai. Chennai-600 015. [Pan: Alwpk 0134 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

long term capital gains. The assessee has computed long term capital gains by taking into account

T.L.SRITHARAN,CHENNAI vs. ACIT NON CORPORATE CIRCLE-14, CHENNAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 1596/Chny/2019 िनधा"रण वष" / Assessment Year: 2014-15 T.L. Sritharan, The Assistant Commissioner Of New No. 13, (Old No. 1), V. Income Tax, Swaminathan Street, Non-Corporate Circle -14, West Mambalam, Chennai – 600 034. Chennai – 600 033. [Pan: Aepps-6766-J] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. R. Vijayaraghavan, Advocate & Shri. Saroj Kumar Parida, Advocate ""यथ" क" ओर से/Respondent By : Shri. Ar.V. Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 22.12.2022 घोषणा क" तारीख/Date Of Pronouncement : 04.01.2023 आदेश /O R D E R

long term capital gain. The AO, called upon the assessee to file necessary details and justify set off of capital

ANIL KUMAR GOEL,CHENNAI vs. ACIT, CHENNAI

In the result, Ground Nos

Bench: Shri George Mathan & Shri A. Mohan Alankamony

long term capital gains and short term capital gains which are being assessed as offered. It is only

VENKATRAMAN LAKSHMINARAYANAN,CHENNAI vs. ACIT, CHENNAI

In the result, appeal filed by the assessee is treated as

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकरअपीलसं./I.T.A.No.543/Chny/2017 ("नधा"रणवष" / Assessment Year: 2012-13) Mr. Venkatraman Lakshminarayanan Vs Assistant Commissioner Of H-402, Greshott Income Tax, 4, Bishop Garden Extn. R.A.Puram Corporate Circle-3(1) Chennai-600 028. Chennai. Pan: Abipl 2475P (अपीलाथ"/Appellant) (""यथ"/Respondent)

Term Capital Gains without assigning proper reasons and justification. 6. The CIT (Appeals) erred in sustaining the disallowance of the claim of the encumbrance cleared on making the payment of Rs.17,16,000/- in the transfer of the capital asset(s) under consideration in the said recomputation of Long

V.KALPAGAM,CHENNAI vs. ITO NON CORPORATE WARD 10(2), CHENNAI

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

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 3034/Chny/2018 िनधा"रण वष" / Assessment Year: 2013-14 Smt. V. Kalpagam, The Income Tax Officer, No.2, Door No. 9, Raja V. Non Corporate Ward 10(2), Sadhan, Gajapathy Road, Chennai. Kilpauk, Chennai – 600 010. [Pan: Ahupk-0879-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. S. Sridhar, Advocate अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. Ar V Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 10.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 19.07.2023

term capital gains and towards long term capital gains. 2.1 The learned Commissioner (Appeals) erred in sustaining

G.NARENDAR CHORDIA ,CHENNAI vs. ITO NCW 5(2) , CHENNAI

In the result, appeals of the assessee are partly allowed for 14

Bench: Shri Abraham P. George]

long term capital gains of "23,97,500/- and assessee Shri. Hastimal Chordia had claimed long term capital

SHRI RAMPRASAD GURUNATHAN,CHENNAI vs. ITO, INTERNATIONAL TAXATION, WARD - I (1),, CHENNAI

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

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.1342/Chny/2019 िनधा"रण वष"/Assessment Year: 2015-16 Shri Ramprasad Gurunathan, The Income Tax Officer 15, Old No. 8A, Vs. [International Taxation], Vidyodaya Main Road, T. Nagar, Ward 1(1), Bsnl Building, Chennai 600 017. 16, Greams Road, [Pan: Ahopg4986A] Chennai 600 006. (अपीलाथ" /Appellant) (""थ"/Respondent) Shri V. Nagaprasad अपीलाथ" की ओर से / Appellant By : ""थ" की ओर से/Respondent By : Shri Sailendra Mamidi, Pcit सुनवाई की तारीख/ Date Of Hearing : 21.08.2019 घोषणा की तारीख /Date Of Pronouncement : 24.10.2019 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals)-16, Chennai Dated 26.02.2019 Relevant To The Assessment Year 2015-16. The Grounds Raised In The Appeal Of The Assessee Are That The Ld. Cit(A) Has Erred In Confirming The Short Term Capital Gains On Sale Of Long Term Capital Asset Instead Of Computing Long Term Capital Gains As Well As Rejecting Cost Of Improvement On The Property.

term capital gains on sale of long term capital asset instead of computing long term capital

ACIT, LTU-2,, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

long term capital gain / loss and short term capital gain / loss as well as the Business

SHRI K.SRIKANTH,CHENNAI vs. ACIT, CHENNAI

In the result, all the four appeals adjudicated by us in this order are partly allowed

Bench: Shri George Mathan & Shri Ramit Kochar

Long Term Capital Gains arising or accruing as a result of sale of shares in so far as the exclusion