NILANJAN CHAUDHARI,GURGAON vs. ITO, CIRCLE- 3, GURGAON

In the result, the appeal of the assessee stands allowed

Bench: BEFORE, SHRI M. BALAGANESH (Accountant Member), SHRI ANUBHAV SHARMA (Judicial Member)

54E of the Act in respect of Long Term Capital Gain derived by him when the entire sale consideration has been reinvested by him in the new house property. 3. We have heard the rival submissions and perused the materials available on record. The assessee is a geophysicist and was employed with Cairn Energy Ltd. deriving income from salary, house

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

Appeals are allowed

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” of a “capital asset

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

Appeals are allowed

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” of a “capital asset

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

Appeals are allowed

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” of a “capital asset