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456 results for “capital gains”+ Section 139clear

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Key Topics

Section 14863Section 143(3)41Section 5438Section 54F36Section 14734Addition to Income29Section 13223Section 153A23Section 139(1)22

MOSBACHER INDIA LLC,CHENNAI vs. ADDL. DIT, CHENNAI

In the result, the appeal is partly allowed in the terms indicated above

ITA 1085/CHNY/2015[2010-11]Status: DisposedITAT Chennai29 Nov 2016AY 2010-11
Section 143(3)Section 42(2)Section 42(2)(b)

capital gains. [7] The Assessing Officer did not accept the submissions of the assessee. He was of the view that since the time limit for filing an income tax return under section 139

ACIT, CHENNAI vs. KANNAN SANTHANAM, CHENNAI

In the result, the appeal filed by the Revenue is dismissed

ITA 636/CHNY/2016[2011-12]Status: DisposedITAT Chennai15 Sept 2016AY 2011-12

Bench: Shri N.R.S. Ganesan & Shri D.S. Sunder Singhआयकर अपील सं./Ita No.636/Mds/2016 "नधा"रण वष" / Assessment Year : 2011-12 The Assistant Commissioner Of Shri Kannan Santhanam, Income Tax, V. 401-A Laures 59-60, Non Corporate Circle 16, C.P. Ramasamy Road, Alwarpet, Chennai - 600 034. Chennai - 600 018. Pan : Aahps 1094 F (अपीलाथ"/Appellant) (""यथ"/Respondent)

Showing 1–20 of 456 · Page 1 of 23

...
Exemption20
Capital Gains19
Disallowance18
For Appellant: Shri Shiva Srinivas, JCITFor Respondent: Shri P.B. Srinivasan, CA
Section 139(1)Section 2Section 54

Section 139(1) of the Act, the unutilized portion should be deposited in the Capital Gains Account. Section 54G(2) of the Act is pari

INCOME TAX OFFICER NON-CORPORATE WARD-10(6), CHENNAI vs. SHRI ARUN GUPTA,, CHENNAI

In the result, the appeal filed by the Revenue is dismissed

ITA 844/CHNY/2020[2016-17]Status: DisposedITAT Chennai16 Nov 2022AY 2016-17

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita No.: 844/Chny/2020 िनधा"रण वष" / Assessment Year: 2016-17 Income-Tax Officer, Shri. Arun Gupta, Non-Corporate Ward -10(6), V. No. 3B, Block, Lloyds Colony, Chennai – 34. Lloyds Road, Royapettah, Chennai – 600 014. [Pan: Agrpa-8340-C] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. Ar V Sreenivasan, Addl. Cit अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. N.V. Balaji Advocate & Mrs. N.V. Lakshmi, Advocate सुनवाई क" तारीख/Date Of Hearing : 02.11.2022 घोषणा क" तारीख/Date Of Pronouncement : 16.11.2022

For Respondent: Shri. N.V. Balaji Advocate &
Section 139(1)Section 54Section 54E

section 54 of the Act. In this case, the assessee has :-10-: ITA. No:844 /Chny/2020 satisfied all conditions, except there is a technical breach in one of the conditions of depositing unutilized capital gain amount in capital gains deposit account scheme on or before due date for filing return of income u/s. 139

ANNIRUTHA RAGHUVEER,CHENNAI vs. ITO, NCW-1(1), CHENNAI

In the result, appeal filed by the assessee is allow

ITA 2239/CHNY/2024[2014-15]Status: DisposedITAT Chennai26 Feb 2025AY 2014-15

Bench: Shri Aby T. Varkey & Shrimanoj Kumar Aggarwal

For Appellant: Mr. N. Arjun Raj, AdvocateFor Respondent: Smt. D. Babitha, JCIT
Section 139(1)Section 143(3)Section 54Section 54(2)

139(1) of the Act i.e. on or before i.e. on or before belatedly deposited it only in 11th th& 14thAugust, 31.07.2014; and had 2014. Therefore, the AO erefore, the AO denied exemption claimed u/s. 54 of the Act claimed u/s. 54 of the Act ITA No ITA Nos.2239/Chny/2024 [AY 2014-15] AnniruthaRaghuveer :: 4 :: which impugned action cannot be countenanced

C.ARYAMA SUNDARAM,CHENNAI vs. ACIT, CHENNAI

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

ITA 1208/CHNY/2015[2010-2011]Status: DisposedITAT Chennai27 Dec 2016AY 2010-2011

Bench: Shri Chandra Poojari & Shri G. Pavan Kumar

For Respondent: Shri Durai Pandian, JCIT
Section 143(3)Section 54Section 54(1)

139(1) of the Act nor assessee has invested in capital gain account scheme and relied on the Mumbai High Court and Tribunal decision, has excluded the purchase of land in 2007 at Jorbarg as it does not fall within the construction provisions of section

DR. PRATHIMA VENKATACHALAM,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the assessee is allowed

ITA 2612/CHNY/2016[2009-10]Status: DisposedITAT Chennai09 Mar 2017AY 2009-10

Bench: Shri Abraham P. George & Shri. G. Pavan Kumarआयकर अपील सं./ I.T.A. No. 2612/Mds/2016 "नधा"रण वष" /Assessment Year : 2009-10 Dr. Prathima Venkatachalam, The Income Tax Officer, C/O Revathi S. Raghunathan, Vs. International Taxation 2(1), Chartered Accountant, Flat No. 32, Chennai. G Block, Re Classic Apartments, 68, Baroda Street, West Mambalam, Chennai - 600 033. [ Pan: Aqkpp 4278K] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri R. Vijayaraghavan, Advocate ""यथ" क" ओर से/Respondent By : Shri A.V. Sreekanth, Jcit

For Appellant: Shri R. Vijayaraghavan, AdvocateFor Respondent: Shri A.V. Sreekanth, JCIT
Section 139(1)Section 139(5)Section 143Section 143(3)Section 148Section 54

capital gain account scheme before due date u/s. 139(1) of the Act i.e., 31.07.2009. We are of the opinion that the provisions of section

V RAMAKRISHNAN,CHENNAI vs. DCIT CENTRAL CIRCLE III(4) , CHENNAI

In the result, the appeal for the A

ITA 744/CHNY/2005[2000-01]Status: DisposedITAT Chennai26 Dec 2025AY 2000-01

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. N. Arjun Raj, AdvocateFor Respondent: Shri. Bipin. C.N., C.I.T
Section 132Section 148Section 15Section 158BSection 17(1)(iv)

capital gains." In other words, he was proceeding with the scope of the assessment and was not really addressing himself as to the scope of exercising jurisdiction under Chapter XIV-B and section 158BA. The Tribunal, on analysis of the materials placed before it, has recorded the following finding : "In the case in hand admittedly undisclosed income

V RAMAKRISHNAN,CHENNAI vs. DCIT CENTRAL CIRCLE III(4), CHENNAI

In the result, the appeal for the A

ITA 2197/CHNY/2005[1999-2000]Status: DisposedITAT Chennai26 Dec 2025AY 1999-2000

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Shri. N. Arjun Raj, AdvocateFor Respondent: Shri. Bipin. C.N., C.I.T
Section 132Section 148Section 15Section 158BSection 17(1)(iv)

capital gains." In other words, he was proceeding with the scope of the assessment and was not really addressing himself as to the scope of exercising jurisdiction under Chapter XIV-B and section 158BA. The Tribunal, on analysis of the materials placed before it, has recorded the following finding : "In the case in hand admittedly undisclosed income

RANJIT V SRIVATSAA,CHENNAI vs. ITO, NCW-3(2), CHENNAI

In the result the appeal of the assessee is allowed

ITA 1755/CHNY/2025[2016-17]Status: DisposedITAT Chennai14 Jan 2026AY 2016-17

Bench: Shri Manu Kumar Giri & Shri S. R. Raghunatha

For Appellant: Ms. G.Vardini Karthik, AdvocateFor Respondent: Ms. Gouthami Manivasagam, JCIT
Section 143(3)Section 54Section 54F

capital gain which is not appropriated by the assessee towards the purchase of the new asset made within one year before the date on which the transfer of the original asset took place, or which is not utilised by him for the purchase or construction of the new asset before the date of furnishing the return of income under section

ARTHUR JAGARAJ DEVAPRAGASAM,CHENNAI vs. DCIT NON CORPORATE CIRCLE 8(1), CHENNAI

In the result, appeal filed by the assessee is allowed

ITA 710/CHNY/2025[2017-18]Status: DisposedITAT Chennai24 Jul 2025AY 2017-18

Bench: Shri Manu Kumar Giri & Shri S.R.Raghunathaआयकर अपील सं./Ita No.:710/Chny/2025 िनधा"रण वष" / Assessment Year: 2017-18 Arthur Jagaraj Devapragasam, The Deputy Commissioner Of No.C-5, Marble Arch Apartments, Vs. Income Tax, No.2 Valliammal Street, Non-Corporate Circle-8(1) Vepery, Chennai-600 007. Chennai. [Pan: Acypa-9529-J] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/Appellant By : Shri. R.Vijayaraghavan, Advocate (Virtual) ""थ" की ओर से/Respondent By : Ms. Gouthami Manivasagam, J.C.I.T. सुनवाई की तारीख/Date Of Hearing : 26.06.2025 घोषणा की तारीख/Date Of Pronouncement : 24.07.2025

For Appellant: Shri. R.Vijayaraghavan, AdvocateFor Respondent: Ms. Gouthami Manivasagam, J.C.I.T
Section 143(3)Section 54Section 54(2)

capital gains along with deduction u/s.54 of the Act by showing the deposit of Rs.6.45 crores in the CGAS before the due date for filing the return of income as per section 139

RAM KRISHAN KULWANT RAI,CHENNAI vs. ACIT CENTRAL CIRCLE 2(3), CHENNAI

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

ITA 1047/CHNY/2018[2009-10]Status: DisposedITAT Chennai29 Oct 2018AY 2009-10

Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं./Ita No.1047/Chny/2018 "नधा"रण वष" / Assessment Year : 2009-10

For Appellant: Shri D. Anand, AdvocateFor Respondent: Shri S. Bharath, CIT
Section 132Section 147Section 153ASection 153CSection 4

139 of the Act, the Assessing Officer is bound to initiate proceeding under Section 153C of the Act. Having dropped the proceeding under Section 153C of the Act, according to the Ld. counsel, the Assessing Officer cannot initiate any proceeding for reopening of assessment under Section 147 of the Act. The Ld.counsel placed his reliance on the decision of Amritsar

AMMAPURAM RAJARAMAN RAJESH,TRICHY vs. DCIT, NCC-17(1), CHENNAI

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

ITA 813/CHNY/2025[2019-20]Status: DisposedITAT Chennai12 Aug 2025AY 2019-20

Bench: Shri Ss Viswanethra Ravi & Shri Jagadishआयकर अपील सं./Ita No.813/Chny/2025 िनधा:रण वष: /Assessment Year: 2019-20

For Appellant: Shri H.N.Shree Harini, AdvocateFor Respondent: Ms. Gouthami Manivasagam, JCIT
Section 139(1)Section 143(1)

139(3) prescribes that if an assessee has sustained a loss in any previous year under the head 'profits and gains of business or profession' or under the head 'capital gains' claimed that such losses or any part thereof should be carry forward for set off under sections

SRI K.SRIKANTH,,CHENNAI vs. ACIT,, CHENNAI

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

ITA 1015/CHNY/2012[2001-02]Status: DisposedITAT Chennai19 May 2020AY 2001-02

Bench: Shri George Mathan & Shri Ramit Kochar

For Appellant: Mr. S.Sridhar, AdvFor Respondent: Dr. M.Srinivasa Rao, CIT
Section 143(3)Section 147Section 263

139(1) and this amount was due to the assessee as on 31.03.2001 and hence the entire amount is to be considered for computation of capital gains. But while computing capital gains and tax payable by assessee thereon , the AO took the figure of Rs. 12 cores for computing capital gains on sale of shares instead of an amount

SRI K.SRIKANTH,,CHENNAI vs. ACIT,, CHENNAI

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

ITA 1016/CHNY/2012[2001-02]Status: DisposedITAT Chennai19 May 2020AY 2001-02

Bench: Shri George Mathan & Shri Ramit Kochar

For Appellant: Mr. S.Sridhar, AdvFor Respondent: Dr. M.Srinivasa Rao, CIT
Section 143(3)Section 147Section 263

139(1) and this amount was due to the assessee as on 31.03.2001 and hence the entire amount is to be considered for computation of capital gains. But while computing capital gains and tax payable by assessee thereon , the AO took the figure of Rs. 12 cores for computing capital gains on sale of shares instead of an amount

SHRI K.SRIKANTH,CHENNAI vs. ACIT, CHENNAI

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

ITA 307/CHNY/2010[2001-02]Status: DisposedITAT Chennai19 May 2020AY 2001-02

Bench: Shri George Mathan & Shri Ramit Kochar

For Appellant: Mr. S.Sridhar, AdvFor Respondent: Dr. M.Srinivasa Rao, CIT
Section 143(3)Section 147Section 263

139(1) and this amount was due to the assessee as on 31.03.2001 and hence the entire amount is to be considered for computation of capital gains. But while computing capital gains and tax payable by assessee thereon , the AO took the figure of Rs. 12 cores for computing capital gains on sale of shares instead of an amount

ACIT,, CHENNAI vs. SRI. K.SRIKANTH,, CHENNAI

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

ITA 1324/CHNY/2012[2001-02]Status: DisposedITAT Chennai19 May 2020AY 2001-02

Bench: Shri George Mathan & Shri Ramit Kochar

For Appellant: Mr. S.Sridhar, AdvFor Respondent: Dr. M.Srinivasa Rao, CIT
Section 143(3)Section 147Section 263

139(1) and this amount was due to the assessee as on 31.03.2001 and hence the entire amount is to be considered for computation of capital gains. But while computing capital gains and tax payable by assessee thereon , the AO took the figure of Rs. 12 cores for computing capital gains on sale of shares instead of an amount

ITO, CHENNAI vs. RETTANAI GOVINDAN MUNUSWAMY, CHENNAI

In the result, the appeal of the Revenue in ITA

ITA 1085/CHNY/2016[2011-12]Status: DisposedITAT Chennai15 Jul 2016AY 2011-12

Bench: Shri A.Mohan Alankamony & Shri. G. Pavan Kumarआयकर अपील सं./I.T.A. No. 1085/Mds/2016 "नधा"रण वष" /Assessment Year : 2011-2012

For Respondent: Shri. R. Viswanathan, C.A
Section 139Section 139(1)Section 143(3)Section 148Section 54Section 54(2)Section 54F

capital gain in specified bank accounts should be made in any case not later than the due date applicable in the case of the assessee for furnishing the return of income under sub-section (1) of section 139

K.K.SRINIVASAN,SALEM vs. ITO, SALEM

In the result, appeal of the assessee is allowed

ITA 1263/CHNY/2017[2007-08]Status: DisposedITAT Chennai04 Jan 2018AY 2007-08

Bench: Shri Abraham P. George]

For Appellant: NoneFor Respondent: Shri. B. Sagadevan, IRS, JCIT
Section 139(1)Section 139(4)Section 148Section 54F

section 139(4). Contention of Revenue that deposit in Capital Gain Scheme should have been made prior to due date

ABUSHA INVESTMENT & MANAGEMENT SERVICES LLP,CHENNAI vs. DCIT NON CORPORATE CIRCLE 7(1), CHENNAI

In the result, appeal filed by the assessee is allowed

ITA 3417/CHNY/2024[2017-18]Status: DisposedITAT Chennai08 Jul 2025AY 2017-18

Bench: Shri Aby T. Varkey & Shri Manoj Kumar Aggarwal

For Appellant: Mr.Bhabagrahi Dash, CAFor Respondent: Mr.Shiva Srinivas, CIT
Section 2(47)Section 250Section 45(1)Section 45(4)

gains" that would arise in the hands of the Appellant. 8. The Ld. CIT(A) has erred failed to appreciate that the Appellant never received any sum other than the repayment of its own share of capital balances. 9. The Appellant submits that each ground of appeal is without prejudice to one another. Abusha Investment & Management Services

M.K.VITHYA,THIRUVANNAMALAI vs. ITO WARD 1, THIRUVANNAMALAI

In the result, the appeal of the assessee is allowed for 5

ITA 2739/CHNY/2017[2014-15]Status: DisposedITAT Chennai12 Jan 2018AY 2014-15

Bench: Shri Abraham P.George & Shri George Mathanआयकर अपील सं./I.T.A. No. 2739/Mds/2017 "नधा"रण वष" /Assessment Year : 2014-2015

For Appellant: Ms. K. Hemalatha, ACAFor Respondent: Shri. N. Madhavan, Addl. CIT
Section 139(1)Section 54FSection 54F(1)

Section 54F of the Act where investment in a new residential house was made within three years from the date of transfer of the asset giving rise to the capital gains, even when the assessee had not deposited the unutilized amount in Capital Gains Accounts Scheme, before the due date prescribed for filing of return u/s.139