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4 results for “capital gains”+ Section 115Vclear

Sorted by relevance

Mumbai30 Hyderabad4 Delhi2 Visakhapatnam2 SC1

Key Topics

Section 115V13 Section 5012 Section 2639 Section 143(3)7 Section 1486 Section 115J3 Section 23 Section 1473 Capital Gains3 Depreciation3 Reopening of Assessment3

OCEAN SPARKLE LTD., HYD,HYDERABAD vs. DCIT, CIRCLE-16(3), HYDERABAD, HYDERABAD

In the result, both the appeals for AY 2011-12 and 2012-

ITA 439/HYD/2016[2011-12]Status: DisposedITAT Hyderabad08 Jun 2018AY 2011-12

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri T.S. AjaiFor Respondent: Smt. U. Minichandran

Section 115Section 115JSection 115VSection 143(2)Section 143(3)Section 147Section 148Section 2Section 45Section 50

115V-I have exhaustive meaning of relevant shipping income of tonnage tax from core activities and incidental activities, and hence other income shall not constitute exempted tonnage income. As per section 115VN "any profit arising from transfer of capital asset shall be computed in accordance with provision of section 45 to 51 with a specific provision that WDV of block

OCEAN SPARKLE LTD., HYD,HYDERABAD vs. DCIT, CIRCLE-16(3), HYDERABAD, HYDERABAD

In the result, both the appeals for AY 2011-12 and 2012-

ITA 440/HYD/2016[2012-13]Status: DisposedITAT Hyderabad08 Jun 2018AY 2012-13

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri T.S. AjaiFor Respondent: Smt. U. Minichandran

Section 115Section 115JSection 115VSection 143(2)Section 143(3)Section 147Section 148Section 2Section 45Section 50

115V-I have exhaustive meaning of relevant shipping income of tonnage tax from core activities and incidental activities, and hence other income shall not constitute exempted tonnage income. As per section 115VN "any profit arising from transfer of capital asset shall be computed in accordance with provision of section 45 to 51 with a specific provision that WDV of block

OCEAN SPARKLE LTD., HYD,HYDERABAD vs. DCIT, CIRCLE-16(3), HYDERABAD, HYDERABAD

In the result, both the appeals for AY 2011-12 and 2012-

ITA 438/HYD/2016[2008-09]Status: DisposedITAT Hyderabad08 Jun 2018AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

For Appellant: Shri T.S. AjaiFor Respondent: Smt. U. Minichandran

Section 115Section 115JSection 115VSection 143(2)Section 143(3)Section 147Section 148Section 2Section 45Section 50

115V-I have exhaustive meaning of relevant shipping income of tonnage tax from core activities and incidental activities, and hence other income shall not constitute exempted tonnage income. As per section 115VN "any profit arising from transfer of capital asset shall be computed in accordance with provision of section 45 to 51 with a specific provision that WDV of block

OCEAN SPARKLE LIMITED,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

ITA 744/HYD/2025[2020-21]Status: DisposedITAT Hyderabad07 Nov 2025AY 2020-21

Section 115VSection 143(3)Section 144BSection 263Section 37(1)

Capital gains\"\nfor a number of years from 1999-2000, particularly for the asst. yrs.\n2005-06 and 2007-08 i.e. before and after the asst. yr. 2006-07 which is\nthe subject-matter of these proceedings. In view of the above, the CIT\ncannot under s. 263 interfere on an issue which has been accepted by\nthe Revenue