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5 results for “capital gains”+ Section 244Aclear

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Key Topics

Section 548Section 1444Section 201(1)4Section 1954Deduction4Disallowance3Addition to Income3Survey u/s 133A3Capital Gains3

TEKSYSTEMS GLOBAL SERVICES PRIVATE LIMITED,HYDERABAD vs. DCIT, CIRCLE-2(1), HYDERABAD

In the result, appeal of the assessee is allowed as directed above

ITA 290/HYD/2023[2017-18]Status: DisposedITAT Hyderabad09 Feb 2024AY 2017-18

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Chary

For Appellant: Ms. Amulya K. ARFor Respondent: Shri Shakeer Ahamed, DR
Section 32

capital gains in the hands of the seller, the said transaction cannot be doubted in the hands of the purchaser. These decisions bind us. 14. Viewing from any angle, the circumstances cited by the authorities to hold that the BTA is a colourable device created only to reduce the tax, does not hold water. We, therefore, while disagreeing with

KAMLESH RANKA,HYDERABAD vs. INCOME TAX OFFICER, INTL. TAXATION-II, , HYDERABAD

In the result, appeal of the assessee is allowed

Section 402
Section 40A(3)2
Section 244A2
ITA 1597/HYD/2017[2012-13]Status: Disposed
ITAT Hyderabad
12 Sept 2019
AY 2012-13

Bench: Shri A. Mohan Alankamonyassessment Year: 2012-13 Kamlesh Ranka, Vs. Income Tax Officer, Hyderabad. Intl. Taxation-Ii, Pan: Acbpr 3953 N Hyderabad. (Appellant) (Respondent) Assessee By: Sri D. Satyanarayana Revenue By: Sri Nilanjan Dey Date Of Hearing: 22/07/2019 Date Of Pronouncement: 12/09/2019

For Appellant: Sri D. SatyanarayanaFor Respondent: Sri Nilanjan Dey
Section 139(1)Section 139(4)Section 143(3)Section 3Section 50Section 50CSection 54

Section 54(2) of the I.T. Act. The unutilised capital gain is not deposited in the Capital Gains Ale., before furnishing of the return of income U/s.139(1) of the I.T. Act. Therefore, the claim of the assessee U/s.54 is allowed only in respect of Rs.53,11,153/-. By taking into consideration the above facts the taxable capital gains

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, ANANTAPUR vs. AMELINANE RAVINDRA CHOWDARY, ANANTAPUR

In the result, both the appeals of the Revenue are allowed for statistical purposes in above terms

ITA 776/HYD/2018[2012-13]Status: DisposedITAT Hyderabad26 Aug 2021AY 2012-13

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri Abhiroop BhargavFor Respondent: Shri Rohit Mujumdar
Section 144Section 244ASection 40Section 40A(3)

Sections of IT Act such as 40(a)(ia) and 40A(3) etc. 4) Whether CIT(A) is right in not appreciating the fact that cash credits can be taxed separately even when income is estimated and thereby wrongly allowing telescoping of cash credit addition. 5) Any other additional ground that may be urged at the time of appeal hearing

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, ANANTAPUR vs. AMELINANE RAVINDRA CHOWDARY, ANANTAPUR

In the result, both the appeals of the Revenue are allowed for statistical purposes in above terms

ITA 777/HYD/2018[2013-14]Status: DisposedITAT Hyderabad26 Aug 2021AY 2013-14

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri Abhiroop BhargavFor Respondent: Shri Rohit Mujumdar
Section 144Section 244ASection 40Section 40A(3)

Sections of IT Act such as 40(a)(ia) and 40A(3) etc. 4) Whether CIT(A) is right in not appreciating the fact that cash credits can be taxed separately even when income is estimated and thereby wrongly allowing telescoping of cash credit addition. 5) Any other additional ground that may be urged at the time of appeal hearing

ADIT(IT)-I,, HYDERABAD vs. M/S KAMINENI HOSPITALS PRIVATE LIMITED,, HYDERABAD

In the result, appeal of the Revenue is allowed for statistical purposes as indicated herein above

ITA 1001/HYD/2013[2012-13]Status: DisposedITAT Hyderabad24 Jun 2020AY 2012-13

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamonyassessment Year: 2012-13 Deputy Commissioner Of Vs. M/S. Kamineni Hospitals Income Tax-1, (International Pvt Ltd., Transaction), L.B. Nagar, Hyderabad. Hyderabad. Pan: Aaack 8356 J (Appellant) (Respondent) Assessee By: Sri A. Srinivas Revenue By: Sri Y.V.S.T. Sai, Cit-Dr Date Of Hearing: 31/01/2020 Date Of Pronouncement: 25/06/2020

For Appellant: Sri A. SrinivasFor Respondent: Sri Y.V.S.T. Sai, CIT-DR
Section 191Section 195Section 201Section 201(1)Section 54

capital gains and filed their returns of income. The copy of the returns of income were also filed before the ld. AO. Therefore, there was no merit in treating the assessee Company to be an ‘assessee in default’. (ii) Reliance placed by the Ld. AO on the undertaking of one of the vendor’s representative stating that Form