SHRI RAMASWAMY SHIVARAMAN,,CHENNAI vs. ACIT, CC - 1 (1),, CHENNAI

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकरअपीलसं./Ita No.571/Chny/2020 िनधा"रणवष"/Assessment Year: 2016-17

Term Capital Gain after investment u/s.54F and 54EC Rs.3,81,45,273/- Less: Short Term Capital Loss

BHARATHAN ANAND,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

short-term capital asset as defined under section 2(42A), the gains are taxed as short- term capital

M/S APEX TRANSWORLD PRIVATE LIMITED,CHENNAI vs. DCIT CC-1(1), CHENNAI

In the result, appeal filed by the assessee is dismissed

Bench: Shri Mahavir Singh, Hon’Ble & Shri G. Manjunatha, Hon’Bleआयकर अपील सं./Ita No.932/Chny/2020 िनधा"रण वष" /Assessment Year: 2011-12 V. M/S.Apex Transworld Pvt. Ltd., The Dy. Commissioner Of 38, 2Nd Main Road, Income Tax, R.A. Puram, Corporate Circle-1(1), Chennai-600 028. Chennai. [Pan: Aadca 7034 L] (अपीलाथ"/Appellant) (""यथ"/Respondent) : अपीलाथ" क" ओर से/ Appellant By Mr.K. Ramesh Babu, Ca ""यथ" क" ओर से /Respondent By : Mr. Ar.V.Sreenivasan, Addl.Cit सुनवाई क" तारीख/Date Of Hearing : 03.01.2023 घोषणा क" तारीख /Date Of Pronouncement : 11.01.2023

term capital gain on buildings against the short term capital gain originally is not considered in this

SHRI RAMPRASAD GURUNATHAN,CHENNAI vs. ITO, INTERNATIONAL TAXATION, WARD - I (1),, CHENNAI

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

Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaramanआयकर अपील सं./I.T.A.No.1342/Chny/2019 िनधा"रण वष"/Assessment Year: 2015-16 Shri Ramprasad Gurunathan, The Income Tax Officer 15, Old No. 8A, Vs. [International Taxation], Vidyodaya Main Road, T. Nagar, Ward 1(1), Bsnl Building, Chennai 600 017. 16, Greams Road, [Pan: Ahopg4986A] Chennai 600 006. (अपीलाथ" /Appellant) (""थ"/Respondent) Shri V. Nagaprasad अपीलाथ" की ओर से / Appellant By : ""थ" की ओर से/Respondent By : Shri Sailendra Mamidi, Pcit सुनवाई की तारीख/ Date Of Hearing : 21.08.2019 घोषणा की तारीख /Date Of Pronouncement : 24.10.2019 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 26.02.2019 Relevant To The Assessment Year 2015-16. The Grounds Raised In The Appeal Of The Assessee Are That The Ld. Cit(A) Has Erred In Confirming The Short Term Capital Gains On Sale Of Long Term Capital Asset Instead Of Computing Long Term Capital Gains As Well As Rejecting Cost Of Improvement On The Property.

short term capital gains on sale of long term capital asset instead of computing long term capital

ACIT, LTU-2,, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, appeal filed by the assessee is partly allowed and the appeal of the Revenue is dismissed

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

term capital gain / loss and short term capital gain / loss as well as the Business Income

M.KIRAN KUMAR,CHENNAI vs. ACIT CENTRAL CIRCLE-1(4), CHENNAI

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

Bench: Shri V. Durga Rao & Shri G. Manjunatha

term capital gain, as alleged in the light of the investigation carried out by the Directorate of Investigation, Kolkata. The ld.AR further submitted that the ld.CIT(A) has failed to appreciate that all the conditions required for claiming exemption u/s.10(38) of the Act, had been met by the assessee. The AO has made addition based

ADHI KUMARA GURU,CHENNAI vs. DCIT, NCC-22(1), CHENNAI

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

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri Amitabh Shuklaमाननीय "ी मनु कुमार िग"र, "ाियक सद" एवं माननीय "ी अिमताभ शु"ा, लेखा सद" के सम"

short term capital gains on account of selling the property purchased in term capital gains on account

DCIT, CHENNAI vs. GOPAL SRINIVASAN, CHENNAI

In the result, appeal of the assessee is partly allowed for 16

Bench: Shri Abraham P.George & Shri George Mathan

term capital gains were done through recognized stock exchange and Securities Transaction Tax were paid on such transactions. Section 111A of the Act is reproduced hereunder:- (1) Where the total income of an assessee includes any income chargeable under the head "Capital gains", arising from the transfer of a short

GOPAL SRINIVASAN,CHENNAI vs. DCIT, CHENNAI

In the result, appeal of the assessee is partly allowed for 16

Bench: Shri Abraham P.George & Shri George Mathan

term capital gains were done through recognized stock exchange and Securities Transaction Tax were paid on such transactions. Section 111A of the Act is reproduced hereunder:- (1) Where the total income of an assessee includes any income chargeable under the head "Capital gains", arising from the transfer of a short

ACIT NON CORPORATE CIRCLE 20(1), CHENNAI vs. PVP CINEMAS P. LTD., CHENNAI

In the result, appeal filed by the revenue is dismissed

Bench: Shri V.Durga Rao & Shri G. Manjunathaआयकर अपीलसं./I.T.A.No.1058/Chny/2018 ("नधा"रणवष" / Assessment Year: 2009-10) The Assistant Commissioner Of Income Vs M/S. Pvp Cinemas P.Ltd. Krm Centre, 9Th Floor, Tax Non-Corporate Circle-20(1) No.2,Harrington Road, Chennai-34. Chetpet , Chennai-600 031. Pan: Aaeca 8733H (अपीलाथ"/Appellant) (""यथ"/Respondent)

term capital gain and short term capital gain for sale of property. The assessee carried the matter

V.KALPAGAM,CHENNAI vs. ITO NON CORPORATE WARD 10(2), CHENNAI

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

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 3034/Chny/2018 िनधा"रण वष" / Assessment Year: 2013-14 Smt. V. Kalpagam, The Income Tax Officer, No.2, Door No. 9, Raja V. Non Corporate Ward 10(2), Sadhan, Gajapathy Road, Chennai. Kilpauk, Chennai – 600 010. [Pan: Ahupk-0879-L] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. S. Sridhar, Advocate अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. Ar V Sreenivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 10.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 19.07.2023

short term capital gains and towards long term capital gains. 2.1 The learned Commissioner (Appeals) erred

M/S. DEENSONS TRADING CO. PVT. LTD.,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the assessee is dismissed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singhआयकर अपील सं./Ita No.2774/Mds/2016 "नधा"रण वष" /Assessment Year: 1997-98

short term capital asset and the gains should be taxed as short term capital gains since

SMT. P. CHITRA,,CHENNAI vs. ITO, NCW - 13 (2),, CHENNAI

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 749/Chny/2020 िनधा"रण वष" / Assessment Year: 2013-14

short term capital gains. Therefore, rejected arguments of the assessee that she had purchased the property by way of allotment

PADMA VASHI SHEWARAMANI,CHENNAI vs. ADIT, CHENNAI

In the result, the impugned is set aside and the appeal of the

Bench: Shri A. Mohan Alankamony & Shri Vikas Awasthyआयकर अपील सं./Ita No.2281/Mds/2014 "नधा"रण वष" /Assessment Year : 2007-08 Smt. Padma Vashi Shewaramani, The Assistant Director Of No.73, Janki Bhawan, V. Income Tax, Sardar Patel Road, International Taxation, Guindy, Chennai - 600 032. Chennai - 600 034. Pan : Aayps 4687 D (अपीलाथ"/Appellant) (""यथ"/Respondent)

short term capital loss under the head “capital gains” but was debited to Profit & Loss account. During

VINNY SAWHNEY,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.993/Mds/2015 "नधा"रण वष" / Assessment Year : 2010-11 Shri Vinny Sawhney, The Income Tax Officer, Prop: T.N. Marketing, V. Business Ward Xv(3) / 3B, D Block, Venus Colony, Non-Corporate Ward 3(5), Alwarpet, Chennai - 600 018. Chennai - 600 034. Pan : Aaapv 4423 G (अपीलाथ"/Appellant) (""यथ"/Respondent)

term capital gain. However, the Assessing Officer treated the same as short term capital gain. It is also

K.R.MURALIDHAR,CHENNAI vs. ITO, CHENNAI

In the result, the appeal of the assessee is dismissed

Bench: Shri N.R.S. Ganesan & Shri A. Mohan Alankamonyआयकर अपील सं./Ita No.1097/Mds/2015 & S.P. No.338/Mds/2015 (In I.T.A. No.1097/Mds/2015) "नधा"रण वष" / Assessment Year : 2009-10 Shri K.R. Muralidhar, Old No.120, New No.246, The Income Tax Officer, Room No.24 & 25, 1St Floor, V. Non-Corporate Circle – 13, Govindappa Naicken Street, Chennai - 600 034. Chennai - 600 001. Pan : Aagpm 9070 N (Appellant & Petitioner) (""यथ"/Respondent)

term capital gain or short-term capital gain. The assessee claims that gain on the sale

ANIL KUMAR GOEL,CHENNAI vs. ACIT, CHENNAI

In the result, Ground Nos

Bench: Shri George Mathan & Shri A. Mohan Alankamony

term capital gains and short term capital gains which are being assessed as offered. It is only

GOLDEN ERA PLANTATIONS INDIA PRIVATE LIMITED,COIMBATORE vs. DCIT,CIRCLE 1, OOTY

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

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./Ita No.: 838/Chny/2020 िनधा"रण वष" / Assessment Year: 2013-14

short term capital gain of Rs. 53,12,025/- as against a short term capital loss declared