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6 results for “capital gains”+ Section 142Aclear

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Key Topics

Section 50C8Section 56(2)(vii)5Section 142A(6)4Natural Justice4Limitation/Time-bar4Section 142A3Section 69C3Addition to Income3Capital Gains3Long Term Capital Gains

JAGANNATHAN SAILAJA CHITTA,CHENNAI vs. ITO, CHENNAI

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

ITA 1207/CHNY/2017[2012-13]Status: DisposedITAT Chennai27 Sept 2017AY 2012-13

Bench: Shri Sanjay Arora & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.1207/Mds/2017 "नधा"रण वष"/Assessment Year:2012-13 Smt. Jagannathan Sailaja Chitta, The Income Tax Officer, New No. 4, Old No. 33, Vs. International Taxation 2(2), Krishna Street, T. Nagar, Chennai 34. Chennai – 17. [Pan:Biqps3751R] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri B. Ramakrishnan, C.A. ""यथ" क" ओर से/Respondent By : Shri A. Srinivasan, Jcit सुनवाई क" तार"ख/ Date Of Hearing : 13.07.2017 घोषणा क" तार"ख /Date Of Pronouncement : 27.09.2017 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 27.03.2017 Relevant To The Assessment Year 2012-13, Wherein, Besides The Ld. Cit(A) Has Not Adjudicated The Additional Ground Raised By The Assessee With Regard To The Claim Of Exemption Under Section 54F Of The Income Tax Act, 1961 [“Act” In Short], The Ld. Cit(A) Has Erred In Confirming Various Disallowances Made Under Section 50C Of The Act, Confirming Disallowance

For Appellant: Shri B. Ramakrishnan, C.AFor Respondent: Shri A. Srinivasan, JCIT
Section 142(1)Section 143(2)Section 143(3)Section 234B
3
Exemption3
Section 2502
Section 50C
Section 50C(1)
Section 54
Section 54F

142A of the Act. Pending receipt of valuation report, the Assessing Officer proceeded to adopt the value of the property so adopted by the stamp duty authorities as per section 50C(1) of the Act and computed the capital gains

RAMAKRISHNAN PRABHU JYOTHI,,COIMBATORE vs. ACOT, NCC-5, , COIMBATORE

ITA 690/CHNY/2020[2016-17]Status: DisposedITAT Chennai23 Aug 2024AY 2016-17

Bench: Shri Ss Viswanethra Ravi & Shri Amitabh Shuklaआयकर अपील सं./Ita Nos.690/Chny/2020 निर्धारण वर्ष /Assessment Years: 2016-17 Ramakrishnan Prabhu Jyothi, Race Course, Coimbatore, Tamil Nadu-641018, [Pan: Adjpp4946N] Asst. Commissioner Of Income Tax, Non-Corporate Circle-5, Coimbatore. (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Shri N.P.Vijay Kumar, Advocate प्रत्यर्थी की ओर से /Respondent By : Shri Nilay Baran Som, Cit सुनवाई की तारीख/Date Of Hearing : 27.05.2024 घोषणा की तारीख /Date Of Pronouncement : 23.08.2024 आदेश / Order Per Amitabh Shukla, A.M : This Appeal Is Filed Against The Order Bearing Din & Order No.Itba/Apl/S/250/2029-20/1026334108(1) Dated 09.03.2020 Of The Learned Commissioner Of Income Tax [Herein After “Cit(A), For The

For Appellant: Shri N.P.Vijay Kumar, AdvocateFor Respondent: Shri Nilay Baran Som, CIT
Section 142ASection 142A(1)Section 142A(6)Section 143(1)Section 153Section 153(1)Section 250

capital gains. Section 55A is a part of charging section. It cannot override the procedure of assessment defined in Chapter-XIV of which 142A

SMT. MURALI VIDHYA,,NAGAPATTINAM vs. ITO, WARD-2,, KUMBAKONAM

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

ITA 610/CHNY/2020[2014-15]Status: DisposedITAT Chennai18 Jan 2023AY 2014-15

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita No.: 610/Chny/2020 िनधा"रण वष" / Assessment Year: 2014-15 Smt. Murali Vidhya, Income Tax Officer, No. 51, Subramaniyapuram, V. Ward -2, Mayiladuthurai, Kumbakonam – 612 001. Nagapattinam – 609 001. [Pan: Aohpv-4251-M] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.: 611/Chny/2020 िनधा"रण वष" / Assessment Year: 2014-15 Shri. Pondian Murali, Income Tax Officer, No. 51, Subramaniyapuram, V. Ward -2, Mayiladuthurai, Kumbakonam – 612 001. Nagapattinam – 609 001. [Pan: Bqbpm-8040-C] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. S. Sridhar, Advocate : Shri. D. Hema Bhupal, Jcit ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 10.01.2023 घोषणा क" तारीख/Date Of Pronouncement : 18.01.2023 आदेश /O R D E R

For Appellant: Shri. S. Sridhar, Advocate
Section 50CSection 5O

Section SOC of the Act was completely overlooked in the determination of the FMV for the purpose of computing the long term capital gains. :-5-: ITA. No: 610 & 611/Chny/2020 9. The CIT (Appeals) failed to appreciate that in any event the acceptance of the date of transfer in the previous year relating to assessment year under consideration was wrong

SHRI PONDIAN MURALI,,NAGAPATTINAM vs. ITO, WARD - 2, , KUMBAKONAM

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

ITA 611/CHNY/2020[2014-15]Status: DisposedITAT Chennai18 Jan 2023AY 2014-15

Bench: Shri Mahavir Singh & Shri G. Manjunathaआयकर अपील सं./Ita No.: 610/Chny/2020 िनधा"रण वष" / Assessment Year: 2014-15 Smt. Murali Vidhya, Income Tax Officer, No. 51, Subramaniyapuram, V. Ward -2, Mayiladuthurai, Kumbakonam – 612 001. Nagapattinam – 609 001. [Pan: Aohpv-4251-M] (अपीलाथ"/Appellant) (""यथ"/Respondent) आयकर अपील सं./Ita No.: 611/Chny/2020 िनधा"रण वष" / Assessment Year: 2014-15 Shri. Pondian Murali, Income Tax Officer, No. 51, Subramaniyapuram, V. Ward -2, Mayiladuthurai, Kumbakonam – 612 001. Nagapattinam – 609 001. [Pan: Bqbpm-8040-C] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. S. Sridhar, Advocate : Shri. D. Hema Bhupal, Jcit ""यथ" क" ओर से/Respondent By सुनवाई क" तारीख/Date Of Hearing : 10.01.2023 घोषणा क" तारीख/Date Of Pronouncement : 18.01.2023 आदेश /O R D E R

For Appellant: Shri. S. Sridhar, Advocate
Section 50CSection 5O

Section SOC of the Act was completely overlooked in the determination of the FMV for the purpose of computing the long term capital gains. :-5-: ITA. No: 610 & 611/Chny/2020 9. The CIT (Appeals) failed to appreciate that in any event the acceptance of the date of transfer in the previous year relating to assessment year under consideration was wrong

TIRUCHANGODU RAMASAMY KHANNAIYANN SARASUWATHI,COIMBATORE vs. DCIT, CENTRAL CIRCLE-1,, COIMBATORE

ITA 3135/CHNY/2025[2014-15]Status: DisposedITAT Chennai04 Mar 2026AY 2014-15

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunatha

For Appellant: Shri. T. Banusekar, AdvocateFor Respondent: Ms. T. Mythili, JCIT
Section 142A(6)Section 143(3)Section 234ASection 250Section 50CSection 56(2)(vii)

142A(6) of the Income Tax Act and therefore the addition of Rs.2,97,85,410/- could not have been made in the instant case. Ground No.11 For that the Commissioner of Income Tax (Appeals) erred in upholding the addition to the tune of Rs.11,91,900/- made u/s.56(2)(vii) of the Income Tax Act in respect of purchase

TRISHUL SHELTERS PVT LTD.,COIMBATORE vs. DCIT, COIMBATORE

In the result, the appeal of the Revenue is allowed “

ITA 856/CHNY/2017[2012-2013]Status: DisposedITAT Chennai05 Feb 2018AY 2012-2013

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

For Appellant: Shri. T. Banusekar, CA
Section 142ASection 144ASection 69Section 69C

capital gains, nor is it income from "other sources" because the provisions of sections 69, 69A, 69B and 69C treat unexplained investments, unexplained money, bullion, etc., and unexplained expenditure as deemed income where the nature and source of investment, acquisition or expenditure, as the case may be, have not been explained or satisfactorily explained. Therefore, in these cases, the source