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212 results for “capital gains”+ Section 271(1)(b)clear

Sorted by relevance

Mumbai1,081Delhi955Jaipur318Ahmedabad290Bangalore220Chennai212Kolkata184Hyderabad148Pune134Surat126Karnataka115Indore107Chandigarh89Raipur56Calcutta54Lucknow39Nagpur34Visakhapatnam29Cochin25Guwahati24Amritsar23Cuttack19Dehradun13Telangana13Agra13Rajkot12SC12Jodhpur9Patna7Ranchi7Allahabad6Jabalpur3Varanasi3Panaji3Rajasthan2Gauhati1Andhra Pradesh1ASHOK BHAN DALVEER BHANDARI1Punjab & Haryana1K.S. RADHAKRISHNAN A.K. SIKRI1

Key Topics

Section 234E91Section 271(1)(c)53Section 200A51Addition to Income35Penalty32Section 200(3)26Section 14A24TDS23Section 143(3)21Disallowance

M/S ENRICA ENTERPRISES PVT LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee in ITA

ITA 1164/CHNY/2023[2015-16]Status: DisposedITAT Chennai06 Mar 2024AY 2015-16

Bench: Shri Manjunatha. G & Shri Manomohan Das

Section 271Section 271(1)(C)Section 271ASection 274

gains were ITA Nos.1164 & 1165/Chny/2023 :: 23 :: computed and the assessee requested for deduction under Section 54F of the Act, as the sale consideration received was utilized for purchase of a new flat, in which, the name of the assessee's wife was also included as a purchaser. The assessee further stated about the sale of livestock and standing crops

M/S.ENRICA ENTERPRISES PVT LTD,CHENNAI vs. DCIT,CENTRAL CIRCLE-3(4), CHENNAI

In the result, appeal filed by the assessee in ITA

Showing 1–20 of 212 · Page 1 of 11

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19
Section 270A18
Section 271A17
ITA 1165/CHNY/2023[2016-17]Status: DisposedITAT Chennai06 Mar 2024AY 2016-17

Bench: Shri Manjunatha. G & Shri Manomohan Das

Section 271Section 271(1)(C)Section 271ASection 274

gains were ITA Nos.1164 & 1165/Chny/2023 :: 23 :: computed and the assessee requested for deduction under Section 54F of the Act, as the sale consideration received was utilized for purchase of a new flat, in which, the name of the assessee's wife was also included as a purchaser. The assessee further stated about the sale of livestock and standing crops

PENTA MEDIA GRAPHICS LTD.,CHENNAI vs. DCIT, CHENNAI

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

ITA 1402/CHNY/2015[2000-01]Status: DisposedITAT Chennai10 May 2023AY 2000-01

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No.1402/Chny/2015 िनधा"रण वष"/Assessment Year: 2000-01 M/S. Penta Media Graphics Ltd., The Deputy Commissioner Of ‘Taurus’, No. 25, First Main Road, Vs. Income Tax, Media Circle I, Room No. 311, 3Rd Floor, New Block, United India Colony, Kodambakkam, Chennai 600 024. 121, Mahatma Gandhi Road, Nungambakkam, Chennai 600 034. [Pan: Aaacp1647B] (अपीलाथ" /Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By Shri G. Baskar, Advocate & : Smt. Sree Valli Lakshmi, Advocate ""थ" की ओर से/Respondent By None [Dept. Letter Submission] : सुनवाई की तारीख/ Date Of Hearing 12.04.2023 : घोषणा की तारीख /Date Of Pronouncement : 10.05.2023 आदेश /O R D E R Per V. Durga Rao: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 14, Chennai Dated 30.03.2015 Passed Under Section 271(1)(C) Of The Income Tax Act, 1961 [“Act” In Short].

Section 143(3)Section 271(1)(c)

capital gain on sale at Rs.67.50 crores. In view of this, I am of the opinion that the assessee has failed to disclose its true and correct income and thereby attracted the provisions of section 271(1)(c) and hence penalty is leviable on this ground. (b

ST.JOSEPHS EDUCATIONAL TRUST,CHENNAI vs. DCIT, CENTRAL CIRCLE-193), CHENNAI

In the result, all the appeals filed by the assessees are allowed

ITA 3293/CHNY/2024[2018-19]Status: DisposedITAT Chennai06 Jun 2025AY 2018-19

Bench: Shri Aby T. Varkey & Shri Jagadish

For Appellant: Mr. V. Balaji, CA &For Respondent: Ms. Anitha, Addl.CIT
Section 11Section 12ASection 139(1)Section 143(1)Section 270ASection 271A

capitation fees, failed to disclose them, and did not meet the conditions for a reduced penalty under Section 271AAB(1A)(a). • The 60% penalty under Section 271AAB(IA)(b) is appropriate. Invalidating the notice on a technicality would defeat the legislative intent to deter tax evasion in search cases. e. Holistic Interpretation of the Notice • The notice should be interpreted

ST. JOSEPHS INSTITUTE OF SCIENCE AND TECHNOLOGY TRUST,CHENNAI vs. DCOT. CENTRAL CIRCLE-1(3), CHENNAI

In the result, all the appeals filed by the assessees are allowed

ITA 3295/CHNY/2024[2018-19]Status: DisposedITAT Chennai06 Jun 2025AY 2018-19

Bench: Shri Aby T. Varkey & Shri Jagadish

For Appellant: Mr. V. Balaji, CA &For Respondent: Ms. Anitha, Addl.CIT
Section 11Section 12ASection 139(1)Section 143(1)Section 270ASection 271A

capitation fees, failed to disclose them, and did not meet the conditions for a reduced penalty under Section 271AAB(1A)(a). • The 60% penalty under Section 271AAB(IA)(b) is appropriate. Invalidating the notice on a technicality would defeat the legislative intent to deter tax evasion in search cases. e. Holistic Interpretation of the Notice • The notice should be interpreted

KEMIA INDUSTRIES LIMITED,CHENNAI vs. ITO, CHENNAI

The appeal stands allowed in terms of our above order

ITA 1276/CHNY/2017[2012-13]Status: DisposedITAT Chennai04 May 2022AY 2012-13

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Anikesh Banerjee, Jm

For Appellant: Shri G. Baskar (Advocate) – Ld. ARFor Respondent: Shri Guru Bashyam (CIT) – Ld. DR
Section 271(1)(c)

Section 271(1)(c) of the Act. The case laws being relied upon by the assessee including the decision in CIT V/s Reliance Petro Products Private Ltd. (322 ITR 158) were held to be distinguishable. Rather the decision of Hon’ble Apex Court in CIT V/s Mak Data Private Ltd. (38 Taxmann.com 448) was held to be applicable where

P.SENTHIL KUMAR,CHENNAI vs. ITO, CHENNAI

In the result, appeal of the assessee in ITA

ITA 3397/CHNY/2016[2012-13]Status: DisposedITAT Chennai28 Feb 2017AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.3397 & 3398/Mds/2016 "नधा"रण वष" /Assessment Years : 2012-13. Shri. P. Senthil Kumar, Vs. The Income Tax Officer, P-2, Hig Adyar Apartments, Non Corporate Ward 3(3) Kottur Gardens, Chennai. Circular Road, Kotturpuram, Chennai 600 086. [Pan Abbps 1019H] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri. T. Vasudevan, AdvocateFor Respondent: Shri. Durai Pandian, Sr. A.R
Section 271BSection 40A(3)

capital account 15,94,487 Purchases for which payments have been made 38,44,069 in cash As per ld. Assessing Officer assessee had violated Sec. 40A(3) of the Act in making cash payments of "38,44,069/-. He made an addition of the said amount and completed assessment. Aggrieved, assessee moved in appeal before ld. 4. Commissioner

P.SENTHIL KUMAR,CHENNAI vs. ITO, CHENNAI

In the result, appeal of the assessee in ITA

ITA 3398/CHNY/2016[2012-13]Status: DisposedITAT Chennai28 Feb 2017AY 2012-13

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.3397 & 3398/Mds/2016 "नधा"रण वष" /Assessment Years : 2012-13. Shri. P. Senthil Kumar, Vs. The Income Tax Officer, P-2, Hig Adyar Apartments, Non Corporate Ward 3(3) Kottur Gardens, Chennai. Circular Road, Kotturpuram, Chennai 600 086. [Pan Abbps 1019H] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri. T. Vasudevan, AdvocateFor Respondent: Shri. Durai Pandian, Sr. A.R
Section 271BSection 40A(3)

capital account 15,94,487 Purchases for which payments have been made 38,44,069 in cash As per ld. Assessing Officer assessee had violated Sec. 40A(3) of the Act in making cash payments of "38,44,069/-. He made an addition of the said amount and completed assessment. Aggrieved, assessee moved in appeal before ld. 4. Commissioner

K. BASKAR,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2691/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

P. NALLUSAMY,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2687/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

M. NATESAN,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2765/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

P. KARUNANITHI,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2685/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

S. ARAVIND,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2584/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

S. EASWARAMOORTHY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2695/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2591/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

K. BASKAR,KARUR vs. ITO, WARD-1, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2692/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

RAMASAMY PALANISAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2590/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

M. VELUSAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2586/CHNY/2024[2012-13]Status: DisposedITAT Chennai09 Apr 2025AY 2012-13

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

M. VELUSAMY,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2587/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee

K. SADASIVAM,KARUR vs. ITO, WARD-1,, KARUR

In the result, all the appeals t, all the appeals stand allowed

ITA 2690/CHNY/2024[2013-14]Status: DisposedITAT Chennai09 Apr 2025AY 2013-14

Bench: Shri Aby T. Varkey & Shri Jagadish

B. Sathyamoorthy, partner of Erode based builder firm (M/s S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. S.Selvaraj& Co) and Shri S. Sethurajan site Engineer of the firm. Shri R. Palanisamy, the managing trustee of the trust had admitted Shri R. Palanisamy, the managing trustee