GIRDHARI LAL,GURGAON vs. ITO WARD - 1(5), GURGAON

In the result, this appeal of the assessee is dismissed

depreciation u/s 54B and 54F. Ld. CIT (A) also agreed that the surrender of balance amount was not voluntary. Ld. CIT (A) proceeded to refer several case laws and confirmed the penalty. 5. Against this order, assessee is in appeal before us. 4 ITA No.3458/Del./2019 6. We have heard ld. DR for the Revenue and perused the record. None

COMMISSIONER OF INCOME TAX DEL vs. M/S MANSAROVAR INVESTMENTS LTD

Appeals are allowed

Bench: HON'BLE MR. JUSTICE MANMOHAN,HON'BLE MR. JUSTICE SANJEEV NARULA

54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H, be chargeable to income-tax under the head "Capital gains", and shall be deemed to be the income of the previous year in which the transfer took place. XXXXX” [Emphasis Supplied] 17. The aforesaid Section is under the head of ‘capital gains’. Any profit or gain arising from “transfer

COMMISSIONER OF INCOME TAX DEL vs. M/S ABHUINANDAN INVESTMENTS LT

Appeals are allowed

54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H, be chargeable to income-tax under the head "Capital gains", and shall be deemed to be the income of the previous year in which the transfer took place. XXXXX” [Emphasis Supplied] 17. The aforesaid Section is under the head of ‘capital gains’. Any profit or gain arising from “transfer

COMMISSIONER OF INCOME TAX DEL vs. M/S MANSAROVAR INVESTMENTS LTD

Appeals are allowed

54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H, be chargeable to income-tax under the head "Capital gains", and shall be deemed to be the income of the previous year in which the transfer took place. XXXXX” [Emphasis Supplied] 17. The aforesaid Section is under the head of ‘capital gains’. Any profit or gain arising from “transfer

THE COMMISSIONER OF INCOME TAX vs. M/S NALWA INVESTMENT LTD.

Appeals are allowed

Bench: HON'BLE MR. JUSTICE MANMOHAN,HON'BLE MR. JUSTICE SANJEEV NARULA

54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H, be chargeable to income-tax under the head "Capital gains", and shall be deemed to be the income of the previous year in which the transfer took place. XXXXX” [Emphasis Supplied] 17. The aforesaid Section is under the head of ‘capital gains’. Any profit or gain arising from “transfer

COMMISSIONER OF INCOME TAX DEL vs. M/S M/S JINDAL EQUIPMENT LEASI

Appeals are allowed

54B, 54D, 54E, 54EA, 54EB, 54F, 54G and 54H, be chargeable to income-tax under the head "Capital gains", and shall be deemed to be the income of the previous year in which the transfer took place. XXXXX” [Emphasis Supplied] 17. The aforesaid Section is under the head of ‘capital gains’. Any profit or gain arising from “transfer

DIRECTOR OF INCOME TAX (EXEMPTION) vs. AIPECCS SOCIETY

depreciation. 7. Aggrieved by the order dated 29th November, 2001 passed by the CIT(A), the Assessee preferred an appeal before the Tribunal, which too was dismissed by an order dated 25th June, 2004. The Tribunal upheld the AO’s finding that the Assessee was not functioning solely for the purposes of education and, therefore, was not eligible for exemption

KUSUM SAHGAL,GURUGRAM vs. ACIT,CIRCLE-19(2), DELHI

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

Bench: Shri S Rifaur Rahman & Shri Vimal Kumarassessment Year: 2016-17 Kusum Sahgal, Through Lr Shri Vs. Acit, Circle-19(2), Viney Sagar Sahgal, New Delhi Mg-2002, The Magnolias, Golf Course Road Dlf Phase-V, Gurugram, 122 002 Haryana Pan :Aatps3766J (Appellant) (Respondent)

54B,54C,54D,54G, 54GA (Schedule CG of ITR) and (iii) Large balance in foreign bank account (Schedule FA of ITR). Notice under Section 143(2) of the Act was issued on 13/07/2017 and served through email as well as speed post. Ld. Authorized Representative (A/R) of the assessee Sh. Vinay Malik, CA filed his Authorization to represent the case

SHRI KISHAN,GURGAON vs. ITO, GURGAON

In the result, the appeals of the assessee are dismissed

Bench: Sh. B.R.R. Kumar & Sh. Sudhir Kumarassessment Year: 2010-11 Shri Kishan S/O Late Jagmal Vs Income Tax Officer Singh, H. No.112, Near Shiv Ward- 4 (2) Mandir, Village & P.O. Gurgaon Nakhrola, Tehsil, Manesar Distt. Gurgaon – 122001 Pan No. Aaacp0165G (Appellant) (Respondent) Assessment Year: 2010-11 Sh. Manoj Kumar Vs Income Tax Officer S/O Late Sh. Jagdish Chander Ward-2 (4) Village P & O. Nakhrola Gurgaon Tehsil Manesar Gurgaon-122001 Pan No. Atvpm1063B (Appellant) (Respondent)

54B and 54F of the IT Act, 1961; 8. Charging interest U/s.234A and 234B of the Income-tax Act, 1961. That on the facts and in the circumstances of the case and in love the LoC JA erred in confirming the following actions of the Assessing Officer 1. initiating proceedings u/s 147/148 of the income- tax Act, 1961 against

MANOJ KUMAR,GURGAON vs. ITO, GURGAON

In the result, the appeals of the assessee are dismissed

Bench: Sh. B.R.R. Kumar & Sh. Sudhir Kumarassessment Year: 2010-11 Shri Kishan S/O Late Jagmal Vs Income Tax Officer Singh, H. No.112, Near Shiv Ward- 4 (2) Mandir, Village & P.O. Gurgaon Nakhrola, Tehsil, Manesar Distt. Gurgaon – 122001 Pan No. Aaacp0165G (Appellant) (Respondent) Assessment Year: 2010-11 Sh. Manoj Kumar Vs Income Tax Officer S/O Late Sh. Jagdish Chander Ward-2 (4) Village P & O. Nakhrola Gurgaon Tehsil Manesar Gurgaon-122001 Pan No. Atvpm1063B (Appellant) (Respondent)

54B and 54F of the IT Act, 1961; 8. Charging interest U/s.234A and 234B of the Income-tax Act, 1961. That on the facts and in the circumstances of the case and in love the LoC JA erred in confirming the following actions of the Assessing Officer 1. initiating proceedings u/s 147/148 of the income- tax Act, 1961 against

SH. BAL KISHAN ATAL,DELHI vs. ACIT, NEW DELHI

In the result appeal is partly allowed

Bench: : Shri Amit Shukla & Shri L.P. Sahuassessment Year: 2012-13

54B, 54C, 54G & 54GA. During the year under consideration, the assessee sold a property for a total consideration of Rs.98,00,000/- and claimed deduction of Rs. 81,44,608/- under section 54 of the Income Tax Act after claiming indexed cost of acquisition of Rs.16,13,187/-. The assessee had invested a sum of Rs.62