VARADAPPAN NATARAJAN,RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

capital gain the same proportion as the cost of the new asset bears to the net consideration, shall not be charged under section 45: ITA Nos.1535 & 1801/Chny/2024 (AYs 2016-17 & 2015-16) Varadappan Natarajan/ V. Natarajan (Individual) :: 28 :: 69[Provided that nothing contained in this sub-section shall apply where- (a) the assessee (i) owns 70 more than one residential

SHRI V. NATARAJAN (INDIVIDUAL),RASIPURAM vs. ACIT, CENTRAL CIRCLE,, SALEM

In the result, both the appeals of assessee in ITA No

Bench: Shri Manu Kumar Giri & Shri Jagadishआयकर अपील सं./Ita Nos.1535 & 1801/Chny/2024 ननिाारण वर्ा/Assessment Years: 2016-17 & 2015-16 V. Varadappan Natarajan/ The Acit, V. Natarajan (Individual), Central Circle, No.64-C, Rotary Nagar, Salem. Rasipuram Tamil Nadu-637 408. [Pan: Acgpn1477Q] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) अपीलार्थी की ओर से/ Appellant By : Mr.T.S. Lakshmi Venkataraman, Fca (Virtual) प्रत्यर्थी की ओर से /Respondent By : Mr.Shiva Srinivas, Cit सुनवाईकीतारीख/Date Of Hearing : 09.10.2025 घोर्णाकीतारीख /Date Of Pronouncement : 31.10.2025

capital gain the same proportion as the cost of the new asset bears to the net consideration, shall not be charged under section 45: ITA Nos.1535 & 1801/Chny/2024 (AYs 2016-17 & 2015-16) Varadappan Natarajan/ V. Natarajan (Individual) :: 28 :: 69[Provided that nothing contained in this sub-section shall apply where- (a) the assessee (i) owns 70 more than one residential

C.R.PARTHIBAN,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the Assessee it is dismissed

Bench: Shri Mahavir Singhand Dr. M.L. Meenaआयकर अपील सं./Ita No.:1023/Chny/2017 िनधा"रण वष"/Assessment Year: 2012 - 2013

4) After acquisition of the new property, I had to rely on third party builder to construct an house property for me, as I could not pay for construction to the builder in cash and had to enter into joint development agreement, by which I agreed to transfer 25% of the undivided share in the land (“the new property

TEXMO INDUSTRIES,COIMBATORE vs. ACIT,NCC-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

4 22. We have heard both the sides and perused the material on record. Similar issue can be considered by the Kerala High Court in the case of CIT Vs. Sakthi Metal Depot reported in [2011] 333 ITR 492 (Ker) wherein held that: “allowing the appeal, that the building which was acquired by the assessee

TEXMO INDUSTRIES,COIMBATORE vs. ACIT,CC-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

4 22. We have heard both the sides and perused the material on record. Similar issue can be considered by the Kerala High Court in the case of CIT Vs. Sakthi Metal Depot reported in [2011] 333 ITR 492 (Ker) wherein held that: “allowing the appeal, that the building which was acquired by the assessee

TEXMO INDUSTRIES,COMBATORE vs. ACIT-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

4 22. We have heard both the sides and perused the material on record. Similar issue can be considered by the Kerala High Court in the case of CIT Vs. Sakthi Metal Depot reported in [2011] 333 ITR 492 (Ker) wherein held that: “allowing the appeal, that the building which was acquired by the assessee

TEXMO INDUUSTRIES,COIMBATORE vs. ACIT-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

4 22. We have heard both the sides and perused the material on record. Similar issue can be considered by the Kerala High Court in the case of CIT Vs. Sakthi Metal Depot reported in [2011] 333 ITR 492 (Ker) wherein held that: “allowing the appeal, that the building which was acquired by the assessee

TEXMO INDUSTRIES,COIMBATORE vs. ACIT-4, COIMBATORE

In the result, the appeals filed by the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

4 22. We have heard both the sides and perused the material on record. Similar issue can be considered by the Kerala High Court in the case of CIT Vs. Sakthi Metal Depot reported in [2011] 333 ITR 492 (Ker) wherein held that: “allowing the appeal, that the building which was acquired by the assessee

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

M/S. V.V.VANNIAPERUMAL & SONS,VIRUDHUNAGAR vs. PCIT-2, CHENNAI, CHENNAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

gains tax. 7. Per Contra, ld.CIT-DR stating that the brand value was created in the books of accounts of the partnership firm as on 30.04.2008 and this firm was converted into a Public Ltd. Co. i.e. the assessee company. He stated that the so called brand value was never existed in the books of the partnership firm V.V.Vanniaperumal & Sons

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

capital assets, that 72 - - ITA 1695 to 1697 & CO 84/Mds/14 the amount received by the assessee on account of forward contract in foreign currency was a capital receipt and not exigible to tax. According to the CIT(Appeals), the same view has been held in the case of M/s. Sutlej Cotton Mills

DCIT, CHENNAI vs. SICAL LOGISTICS LTD., CHENNAI

Bench: Shri Chandra Poojari & Shri Duvvuru Rl Reddy

capital assets, that 72 - - ITA 1695 to 1697 & CO 84/Mds/14 the amount received by the assessee on account of forward contract in foreign currency was a capital receipt and not exigible to tax. According to the CIT(Appeals), the same view has been held in the case of M/s. Sutlej Cotton Mills