GOKULAKRISHNA,CHENNAI vs. DEPUTY COMMISSIONER OF INCOME TAX, NON CORPORATE CIRCLE 8(1), CHENNAI

In the result, the appeal filed by the assessee is allowed and the stay\napplication is dismissed

Sections 45(1), (3)\nand (4), of the Income Tax Act which reads as under:\n\"45. [(1)] Any profits or gains arising from the transfer of a capital\nasset effected in the previous year shall, save as otherwise provided in\nsections [***] [54, [54B, [***], [54D, [54E

ASSISTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. MANIKANDAN, CHENNAI

The appeal of the Revenue is dismissed

gains arising from the transfer of a capital\nasset effected in the previous year shall, save as otherwise\nprovided in sections [***] [54, [54B, [***], [54D, [54E

ITO, COIMBATORE vs. SHRI R.VENKATACHALAM, COIMBATORE

In the result, all the appeals filed by the Revenue and the

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamony

gain determined under Section 48(i)(a) of the Act. Referring to Sections 54E and 48(i)(b) of the Act, the Ld. D.R. submitted that both the sections are operating in two different ways and therefore, no ambiguity in the application of Section 54E of the Act for exemption on long term capital

ITO, COIMBATORE vs. SHRI R.VENKATACHALAM, COIMBATORE

In the result, all the appeals filed by the Revenue and the

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamony

gain determined under Section 48(i)(a) of the Act. Referring to Sections 54E and 48(i)(b) of the Act, the Ld. D.R. submitted that both the sections are operating in two different ways and therefore, no ambiguity in the application of Section 54E of the Act for exemption on long term capital

R.VENKATACHALAM,CHENNAI vs. ITO, COIMBATORE

In the result, all the appeals filed by the Revenue and the

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamony

gain determined under Section 48(i)(a) of the Act. Referring to Sections 54E and 48(i)(b) of the Act, the Ld. D.R. submitted that both the sections are operating in two different ways and therefore, no ambiguity in the application of Section 54E of the Act for exemption on long term capital

DCIT NON CORPORATE CIRCLE 9(1) , CHENNAI vs. ANIL SHETH , CHENNAI

In the result, the appeal of the Revenue is allowed for 8

Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. No. 1705/Chny/2017 "नधा"रण वष" /Assessment Year : 2009-2010. The Deputy Commissioner Of Vs. Shri. Anil Sheth, Income Tax, Prop. M/S. Prince Marbles, Non Corporate Circle 9(1) No.34, Langs Garden Road, Chennai. Pudupet, Chennai 600 002. [Pan Addpa 3880A ] (अपीलाथ"/Appellant) (""यथ"/Respondent)

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D, 54E

ANTHIAH PANCRAS,TIRUVANNAMALAI vs. ITO WARD 1, THIRUVANNAMALAI

In the result, the appeal filed by the assessee for ay: 2008-09 shall

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D, 54E

ANTHIAH PANCRAS,TIRUVANNAMALAI vs. ITO WARD 1, THIRUVANNAMALAI

In the result, the appeal filed by the assessee for ay: 2008-09 shall

Bench: Shri N.R.S. Ganesan & Shri Ramit Kochar

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D, 54E

MR. A.M. ARUMUGAM,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Abraham P George & Shri G. Pavan Kumarअपील अपील संसंसंसं./ I.T.A.No.2336/Mds/2016 अपील अपील िनधा"रण वष" िनधा"रण वष" / Assessment Year : 2012-13 िनधा"रण िनधा"रण वष" वष" A.M. Arumugam, Assistant Commissioner No. 14/11, Norton 3Rd Street, Vs. Of Income Tax, Mandaveli, Ncc - 11, Chennai - 600 028. Chennai. [Pan: Aafpa 2758N] (अपीलाथ" अपीलाथ" अपीलाथ"/Appellant) अपीलाथ" (""यथ" ""यथ" ""यथ"/Respondent) ""यथ" अपीलाथ" क" ओर से/Appellant By : Shri J. Prabhakar, Fca. ""यथ" क" ओर से/Respondent By : Mr. Supriya Pal, Jcit सुनवाई क" तारीख/Date Of Hearing : 28.09.2016 घोषणा क" तारीख/Date Of Pronouncement : 21.11.2016 आदेश आदेश आदेश /O R D E R आदेश Per G. Pavan Kumar:

54E, which section is in pari-materia with section 54EC. 1.8 The CIT(A) is not justified in upholding the alleged sale value of land at Rs. 66,19,500/- as against the correct market value adopted in transfer deed at Rs. 34,86,270/- to which case section 50C has no factual application