TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

50B (1) profits or gains arising from a slump sale would be chargeable to income tax as capital gains arising from the transfer of long 2015:DHC:8039-DB ITA Nos. 38 of 2002 & 132 of 2002 Page 17 of 32 term capital assets and which shall be deemed to be the income of the previous year in which

TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

50B (1) profits or gains arising from a slump sale would be chargeable to income tax as capital gains arising from the transfer of long 2015:DHC:8039-DB ITA Nos. 38 of 2002 & 132 of 2002 Page 17 of 32 term capital assets and which shall be deemed to be the income of the previous year in which

CIT vs. M/S TELETUBE ELECTRONICS LTD

The appeal of the Assessee is allowed

50B (1) profits or gains arising from a slump sale would be chargeable to income tax as capital gains arising from the transfer of long 2015:DHC:8039-DB ITA Nos. 38 of 2002 & 132 of 2002 Page 17 of 32 term capital assets and which shall be deemed to be the income of the previous year in which

COMMISSIONER OF INCOME TAX -XI vs. SANGEETA WIG

section 50B of the Act. The long term capital gain was thus calculated at `1,15,26,275/-. Seeking to avail exemption thereon u/s 54 F of the Act, the assessee invested `1,76,64,235/- by purchasing an apartment in Westend Heights, DLF City-V, Gurgaon, on 13.6.2008. The complete documentation regarding the sale of her business and purchase

COMMISSIONER OF INCOME TAX -XI vs. SANGEETA WIG

section 50B of the Act. The long term capital gain was thus calculated at `1,15,26,275/-. Seeking to avail exemption thereon u/s 54 F of the Act, the assessee invested `1,76,64,235/- by purchasing an apartment in Westend Heights, DLF City-V, Gurgaon, on 13.6.2008. The complete documentation regarding the sale of her business and purchase

ALCATEL LUCENT INDIA LTD.,GURGAON vs. ADDL. CIT, NEW DELHI

Appeal of the assessee is partly allowed for statistical purpose

Bench: Shri R. K. Panda & Ms Suchitra Kamble

50B of the Act. 16. That on the facts and circumstances of the case and in law, the Ld. AO has erred in not allowing set off of brought forward business losses of previous assessment years from the current year's income. 17. That on the facts and circumstances of the case and in law, the Hon'ble DRP exceeded

CONTINENTAL CONSTRUCTION LTD.,NEW DELHI vs. ACIT, NEW DELHI

Appeal is dismissed

Bench: Ms Suchitra Kamble & Shri P. Maharishi & Vs Continental Construction Acit, Ltd, 28, Nehru Place, Circle – 3(1), New Delhi – 110019. Room No.390, C.R. Building, (Pan: Aaacc 2309 R) Indraprastha Estate, New Delhi (Appellant) (Respondent) & Vs Acit, Continental Construction Ltd, Circle – 3(1), 28, Nehru Place, New Delhi – 110019. Room No.390, C.R. (Pan: Aaacc 2309 R) Building, Indraprastha Estate, New Delhi (Appellant) (Respondent) Appellant By Shri Subodh Gupta, Fca Respondent By Ms. Nidhi Srivastava, Cit-D.R. Date Of Hearing 14.08.2020 Date Of Pronouncement 23.09.2020

House Expenses’ on the basis of Tax Audit Report, in total disregard to the submissions of the assessee. General: 9. The lower authorities have acted arbitrarily in haste and has failed to fully appreciate the facts, circumstances and written submissions of the appellant on record and were not justified by not sharing their opinions or points of contentions so that

TOSCANA LASTS LTD.,NEW DELHI vs. ITO, NEW DELHI

The appeal is dismissed

Bench: Shri I.C. Sudhir & Shri L.P. Sahu Assessment Year: 2007-08 Toscana Lasts Ltd., Vs. Ito, (Since Amalgamated With Avantha Ward 16(3), Reality Ltd.), Thapar House, New Delhi. 124-Janpath, New Delhi. (Pan: Aaact3805H) (Appellant) (Respondent) Assessment Year: 2007-08 Ito, Vs. Toscana Lasts Ltd., Ward 16(3), (Since Amalgamated With New Delhi. Avantha Reality Ltd.), Thapar House, 124-Janpath, New Delhi. (Pan: Aaact3805H) (Appellant) (Respondent)

house-keeping have been paid by cheque after deduction of TDS, the Assessing Officer has not doubted the genuineness repair and maintenance expenses as he himself has allowed depreciation on these expenses, and the claimed bad debt has been written off in the books of account. We thus in the interest of 8 justice set aside the matter