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4 results for “capital gains”+ Section 271Bclear

Sorted by relevance

Jaipur6Mumbai6Ahmedabad6Lucknow5Delhi4Indore3Bangalore2Kolkata2Surat1Chennai1Dehradun1Jodhpur1Patna1Raipur1

Key Topics

Section 44A21Section 271B5Penalty4Section 143(3)3Addition to Income2

SAHIL GUPTA,DELHI vs. CIT(A), DELHI

In the result, the appeal of the assessee in ITA No

ITA 1739/DEL/2025[2022-23]Status: DisposedITAT Delhi22 Aug 2025AY 2022-23

Bench: Ms. Madhumita Roy & Shri Naveen Chandra

For Appellant: Shri Sahil Gupta, [Assessee himself]For Respondent: Shri Manish Gupta, Sr. DR
Section 143(3)Section 271BSection 44A

271B of the Act by considering F&O turnover Rs.55,64,95,179/- as against actual F&O turnover of Rs. 29,28,652/- and Speculation turnover Rs.2,87,421/-. The assessee submitted that Section 44AB of the Act specifies the conditions for a tax audit section 44AB(a) which states that : “ If the total turnover from F&O trading

SANJEEV KUMAR GUPTA,DELHI vs. ITO, WARD-56(4), NEW DELHI

In the result, the appeal of the assessee is allowed

ITA 48/DEL/2023[2016-17]Status: DisposedITAT Delhi24 Aug 2023AY 2016-17

Bench: Shri Chandra Mohan Garg & Shri Pradip Kumar Kedia

For Appellant: NoneFor Respondent: Shri Anuj Garg, Sr.DR
Section 143(3)Section 271BSection 44A

271B of the Act alleging that assessee has not filed tax audit report in terms of provisions of Section 44AB of the Act despite the total value of transactions made in multi commodity exchange of Rs.69,17,25,042/- which far exceeds the limit prescribed for audit I.T.A. No.48/Del/2023 2 of the books of account under Section 44AB

VIKAS JAIN,ROHTAK vs. ITO WARD - 5, ROHTAK

Appeal is allowed for statistical purposes

ITA 9494/DEL/2019[2014-15]Status: DisposedITAT Delhi09 Mar 2022AY 2014-15

Bench: Shri Kul Bharat[Assessment Year: 2014-15

Section 115Section 27ISection 44ASection 46A

capital gain that was not disclosed by the assessee. Hence, the Assessing Officer assessed the total income of the assessee at Rs. 8,07,361/- as against the returned income of Rs. 7,11,450/-. 4. Aggrieved against this the assessee preferred appeal before the learned CIT(Appeals), who, after considering the submissions, partly allowed the appeal, thereby the learned

RAJESH SAHNI,NEW DELHI vs. ITO WARD 60(5), NEW DELHI

In the result, this appeal is allowed as indicated above for

ITA 3295/DEL/2023[2016-17]Status: DisposedITAT Delhi31 May 2024AY 2016-17

Bench: Shri S Rifaur Rahman & Shri Sudhir Pareek

For Appellant: Shri Samyak Jain, AdvFor Respondent: Shri Om Parkash, Sr. DR
Section 143(3)Section 271ASection 271BSection 44A

gains as well as under the head Income from business and profession (speculative income). 4. That the Ld. Assessing Officer is not justified in treating the amount of Short Term Capital Loss and speculative loss of share transactions as per broker statement, as the business income of the assessee and levying tax thereon and creating the demand. The conclusion