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2 results for “capital gains”+ Demonetizationclear

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Key Topics

Section 143(3)2Section 69A2Section 43C2Cash Deposit2Demonetization2Addition to Income2

ITO, WARD-1(1)(3), DEHRADUN, DEHRADUN vs. TRISHLA STEEL PVT LTD, DEHRADUN

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

ITA 188/DDN/2025[2017-18]Status: DisposedITAT Dehradun13 Mar 2026AY 2017-18

demonetization and capital gains from land sale. The assessee had declared Nil income and deposited Rs.44,98,000 in SBNs

JOINT COMMISSIONER OF INCOME TAX, SUBHASH ROAD DEHADUN vs. M/S TIMES SQUARE, SAHASTRADHARA ROAD

In the result, appeal of the Revenue is dismissed

ITA 42/DDN/2025[2017-18]Status: DisposedITAT Dehradun26 Sept 2025AY 2017-18
Section 143(3)Section 250Section 43CSection 69A

capital gains (section 50C) and\nother sources (section 56) arising out of transactions in immovable\nproperty, the higher of sale consideration or stamp duty value\nwas adopted. The difference was taxed as income both in the\nhands of the purchaser and the seller.\n\n16.2 It has been pointed out that the variation between stamp duty\nvalue and actual consideration