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2 results for “capital gains”+ Section 50Cclear

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Key Topics

Section 50C3Long Term Capital Gains2

LALIT KUMAR JALAN,JALAN PHARMACEUTICALS vs. ITO WARD-1(1), CUTTACK

In the result, appeal of the assessee is allowed with the directions

ITA 335/CTK/2024[2018-19]Status: HeardITAT Cuttack17 Oct 2024AY 2018-19
Section 142(1)Section 50C

capital gains. As per sub-section (3) to section 50C, the assessee is liable to pay capital gains tax when

SUNGREEN VALLEYS PVT. LTD,ROURKELA vs. ACIT CIRCLE, ROURKELA, ROURKELA

In the result, appeal of the assessee stands partly allowed for statistical purposes

ITA 208/CTK/2023[2016-17]Status: DisposedITAT Cuttack13 Oct 2023AY 2016-17

Bench: Before S/Shri George Mathan, Judicial & Rajesh Kumarassessment Year : 2016-17 Sungreen Valleys Pvt Ltd., Sungreen Valleys Pvt Ltd., Vs. Acit, Circle, Rour Acit, Circle, Rourkela T-19, 19, Civil Civil Township, Township, Rourkela. Pan/Gir No. Pan/Gir No.Aaics 6153 M (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : None Revenue By : Shri Charan Dass, Sr : Shri Charan Dass, Sr Dr Date Of Hearing : 13/10 10/2023 Date Of Pronouncement : 13/10 /10/2023 O R D E R Per Bench

For Appellant: NoneFor Respondent: Shri Charan Dass, Sr
Section 50C

section 50C. In the grounds of appeal, the assessee has agitated that the Assessing Officer without considering the factual information and submission enhanced the long term capital gain