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3 results for “capital gains”+ Section 546clear

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Key Topics

Deduction2Disallowance2Addition to Income2

MR. MANOJ KUMAR NAYAK,BHUBANESWAR vs. DDIT, INTERNATIONAL TAXATION, BHUBANESWAR, BHUBANESWAR

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

ITA 389/CTK/2014[2011-12]Status: DisposedITAT Cuttack17 May 2018AY 2011-12
For Appellant: Shri S.C.Bhadra, ARFor Respondent: Shri S.C.Mohanty, DR
Section 143(1)Section 154(2)

546/- in the return of income pertains to the interest income, deducted at the rate of 30.9% on the bank interest of Rs.4,38,648/-. In other words, the total TDS figure constitutes the TDS on interest income only thereby establishing that the entire salary income has 8 not suffered from TDS and the salary income is exempt from income

K.P. PRIME ASSETS PVT. LTD.,CUTTACK vs. ACIT, CIRCLE-2(1) , CUTTACK

In the result, the appeal of the assessee and revenue are allowed for statistical purposes

ITA 459/CTK/2019[2014-15]Status: Disposed
ITAT Cuttack
07 Mar 2022
AY 2014-15
For Appellant: Shri Mohit Sheth, Advocate

capital gain. 3.6.17 For the facts discussed in preceding paragraphs, the claim of expenses are not genuine and payments claimed to have made were not exclusively for the purpose of business. 3.6.18 In view of the discussion made at Para-3.6.15, total land development expenditure and payments claimed to have made were not exclusively for the purpose of business

ACIT, CIRCLE- 2(1), CUTTACK vs. K P PRIME ASSETS (P) LTD. , CUTTACK

In the result, the appeal of the assessee and revenue are allowed for statistical purposes

ITA 67/CTK/2020[2014-15]Status: DisposedITAT Cuttack07 Mar 2022AY 2014-15
For Appellant: Shri Mohit Sheth, Advocate

capital gain. 3.6.17 For the facts discussed in preceding paragraphs, the claim of expenses are not genuine and payments claimed to have made were not exclusively for the purpose of business. 3.6.18 In view of the discussion made at Para-3.6.15, total land development expenditure and payments claimed to have made were not exclusively for the purpose of business