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35 results for “capital gains”+ Section 23(2)clear

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Key Topics

Section 153A45Section 153D25Addition to Income19Section 25017Section 14814Section 143(3)14Section 13210Disallowance9Section 1477

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINOD BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 66/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 51/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

Showing 1–20 of 35 · Page 1 of 2

Section 686
Long Term Capital Gains6
Depreciation5

DCIT, CIRCLE-1, DIBRUGARH vs. BAJRANG LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 52/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 53/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE-1, DIBRUGARH vs. BACHH RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 54/GTY/2023[2015-16]Status: DisposedITAT Guwahati01 Sept 2023AY 2015-16

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 55/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. HANS RAJ BAMALWA (HUF), DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 56/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. USHA BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 57/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. MEENAKSHI BAMALWA SONI, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 58/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. BHAGWATI DEVII BAMALWA , DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 59/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE- 1, DIBRUGARH vs. VISHAL BAMALWA , DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 60/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE-1, DIBRUGARH vs. VINAY BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 61/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE-1, DIBRUGARH vs. RAVI BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 62/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE-1, DIBRUGARH vs. MADAN LAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 63/GTY/2023[2012-13]Status: DisposedITAT Guwahati01 Sept 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE-1, DIBRUGARH vs. SHEETAL BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 64/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

D.C.I.T., CIRCLE-1, DIBRUGARH vs. PRAMOD KUMAR BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

ITA 65/GTY/2023[2013-14]Status: DisposedITAT Guwahati01 Sept 2023AY 2013-14

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

2) for scrutinising their returns. Therefore, in their case, the assessments would be construed as completed it. Those completed assessments could be tinkered with for assessing the income under section 153A only, if during the course of search, some incriminating material was discovered and seized. In other words, the addition in an assessment under section 153A could be made with

INCOME TAX OFFICER, WARD-3(4), GUWAHATI vs. M/S. S.R.K.M. STEELS (P) LTD, GUWAHATI

In the result, the appeal of the Revenue is dismissed

ITA 274/GTY/2018[2015-16]Status: DisposedITAT Guwahati18 Dec 2025AY 2015-16

Bench: Shri Rajesh Kumar, Am & Shri Manomohan Das, Jm Income Tax Officer, Ward 3(4) M/S S.R.K.M Steels (P) Ltd. Room No.707, 7Th Floor, Aayakar M/S Srkm Steels (P) Ltd. Lokhra Bhawan Poorva, G.S. Road, Road, P.O. Sawkuchi, Guwahati- Vs. Guwahati-781005, Assam 781034, Assam (Appellant) (Respondent) Pan No. Aalcs5046E Assessee By : Shri Somnath Ghosh, Ar Revenue By : Shri Santosh Kumar Karnani, Dr Date Of Hearing: 17.11.2025 Date Of Pronouncement: 18.12.2025

For Appellant: Shri Somnath Ghosh, ARFor Respondent: Shri Santosh Kumar karnani, DR
Section 133(6)

gain to one and the loss to the other is illusory since what is deferred in one year, would have to bedischarged in the next. In that sense, nobody has won and nobody has lost." In the case ofCIT vs. Excel Industries Ltd 358 ITR 295), theHon'ble Supreme Court had held as follows: "32. Thirdly, the real question concerning

AGRIM INFRAPROJECT PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, this appeal of the assessee i

ITA 222/GTY/2019[2015-16]Status: HeardITAT Guwahati05 Apr 2023AY 2015-16

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 153ASection 250Section 68

23. We have duly considered the rival contentions and gone through the record carefully. A provision is being made in the accounts for contingent liability. Sometime a liability is discernable but its complete crystallization cannot be ensured on the basis of material available and therefore, a provision of certain expenses are being made and if a provision is found genuine

AGRIM INFRAPROJECT PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, this appeal of the assessee i

ITA 224/GTY/2019[2012-13]Status: HeardITAT Guwahati05 Apr 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 153ASection 250Section 68

23. We have duly considered the rival contentions and gone through the record carefully. A provision is being made in the accounts for contingent liability. Sometime a liability is discernable but its complete crystallization cannot be ensured on the basis of material available and therefore, a provision of certain expenses are being made and if a provision is found genuine

AGRIM INFRAPROJECT PRIVATE LIMITED,GUWAHATI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-3, GUWAHATI

In the result, this appeal of the assessee i

ITA 219/GTY/2019[2012-13]Status: HeardITAT Guwahati05 Apr 2023AY 2012-13

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 153ASection 250Section 68

23. We have duly considered the rival contentions and gone through the record carefully. A provision is being made in the accounts for contingent liability. Sometime a liability is discernable but its complete crystallization cannot be ensured on the basis of material available and therefore, a provision of certain expenses are being made and if a provision is found genuine