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44 results for “house property”+ Business Incomeclear

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Key Topics

Addition to Income28Section 6816Section 143(3)15Section 25013Section 69A10Section 153A9House Property9Section 271A8Depreciation8

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 4, GUWAHATI vs. M/S. A. T. C. REALTORS PVT. LTD., GUWAHATI

In the result, both the appeals of the Revenue are dismissed

ITA 169/GTY/2018[2012-13]Status: DisposedITAT Guwahati10 Jul 2019AY 2012-13

Bench: Sri S.S. Godara, Jm & Dr. A.L. Saini, Am Aayakr Apila Sam./ Ita No. 169/Gau/2018 (Inaqa-Arna Baya- / Assessment Year 2012-13) Aayakr Apila Sam./ Ita No. 170/Gau/2018 (Inaqa-Arna Baya- / Assessment Year 2013-14) Dy. Commissioner Of Income-Tax, M/S Atc Realtors Pvt. Ltd. Circle-4, Aayakar Bhwawan, 5Th C/O. Atc Assam Ltd, Kedar Vs. Floor, Christanbasti, G.S. Road, Road, Machkhowa, Guwahati-781005 Guwahati-781001 (Apilaaqai- / Appellant) .. (P`%Yaqaai- / Respondent) स्थायी ऱेखा सं./Pan No. Aagca5209A

For Appellant: Shri Sandeep Sengupta, JCITFor Respondent: Shri Somnath Ghosh, Advocate
Section 143Section 22

business of the assessee is to own and give houses on rent or to trade in houses, the annual-value of the houses owned by him during the previous year would be taxable as “Income from house property

Showing 1–20 of 44 · Page 1 of 3

Disallowance8
Section 153C7
Section 1476

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 4, GUWAHATI vs. M/S. A. T. C. REALTORS PVT. LTD., GUWAHATI

In the result, both the appeals of the Revenue are dismissed

ITA 170/GTY/2018[2013-14]Status: DisposedITAT Guwahati10 Jul 2019AY 2013-14

Bench: Sri S.S. Godara, Jm & Dr. A.L. Saini, Am Aayakr Apila Sam./ Ita No. 169/Gau/2018 (Inaqa-Arna Baya- / Assessment Year 2012-13) Aayakr Apila Sam./ Ita No. 170/Gau/2018 (Inaqa-Arna Baya- / Assessment Year 2013-14) Dy. Commissioner Of Income-Tax, M/S Atc Realtors Pvt. Ltd. Circle-4, Aayakar Bhwawan, 5Th C/O. Atc Assam Ltd, Kedar Vs. Floor, Christanbasti, G.S. Road, Road, Machkhowa, Guwahati-781005 Guwahati-781001 (Apilaaqai- / Appellant) .. (P`%Yaqaai- / Respondent) स्थायी ऱेखा सं./Pan No. Aagca5209A

For Appellant: Shri Sandeep Sengupta, JCITFor Respondent: Shri Somnath Ghosh, Advocate
Section 143Section 22

business of the assessee is to own and give houses on rent or to trade in houses, the annual-value of the houses owned by him during the previous year would be taxable as “Income from house property

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

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

income and fundamentals of the company. In his order the learnt A.O. has stated that “Perusal of the financial status of Twenty First Century Ltd also reveals that during the FY 2009-10 to 2015-16,the company has disclosed NIL income”. The price of shares of companies in the stock market are not always in correlation to its financial

RANEE NARAH ,GUWAHATI vs. ACIT CIR -2 GUWAHATI, GUWAHATI

Appeal is allowed for statistical purposes

ITA 147/GTY/2025[2017-18]Status: DisposedITAT Guwahati28 Oct 2025AY 2017-18

Bench: The Ld. Cit(A) On The Basis Of Following Findings:

Section 23(4)Section 250Section 68Section 69A

income from these six house properties. Further, it is submitted all the property were used for the residential purposes of her employees and hence, inter-alia were used for her business

M/S. BRAHMAPUTRA CRACKER & POLYMER LTD. ,DIBRUGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 2, DIBRUGARH

In the result, all the appeals of the revenue are dismissed and all the appeals of the assessee are allowed

ITA 200/GTY/2019[2015-16]Status: DisposedITAT Guwahati22 Oct 2020AY 2015-16

Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]

business of which the company was set up?” 4. The High Court has already held that the interest income derived by the assessee during its formative period was taxable income. What remains for consideration is the income which the assessee derived from house property