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19 results for “capital gains”+ Section 482clear

Sorted by relevance

Delhi226 Mumbai171 Karnataka105 Bangalore101 Ahmedabad68 Agra60 Chennai60 Chandigarh51 Jaipur40 Kolkata37 Indore22 Hyderabad19 Lucknow12 SC6 Telangana6 Visakhapatnam6 Pune6 Rajkot4 Ranchi4 Cuttack2 Surat2 Jabalpur2 Andhra Pradesh1 K.S. RADHAKRISHNAN A.K. SIKRI1 Dehradun1 Nagpur1 Raipur1 Rajasthan1

Key Topics

Section 143(3)42 Section 10A24 Section 115V12 Section 5012 Addition to Income11 Section 143(2)10 Section 1489 Deduction5 Transfer Pricing5

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

Comparables/TP5

capital gains. From the record, which is submitted before us, the assessee has sold two ships and realized sale consideration of Rs. 14,59,08,000/-. It has worked out the profit on sale of ships as below (which is taken from the depreciation schedule as per Companies Act, refer page 12 and 32 of paper book) Sale consideration

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

capital gains. From the record, which is submitted before us, the assessee has sold two ships and realized sale consideration of Rs. 14,59,08,000/-. It has worked out the profit on sale of ships as below (which is taken from the depreciation schedule as per Companies Act, refer page 12 and 32 of paper book) Sale consideration

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

capital gains. From the record, which is submitted before us, the assessee has sold two ships and realized sale consideration of Rs. 14,59,08,000/-. It has worked out the profit on sale of ships as below (which is taken from the depreciation schedule as per Companies Act, refer page 12 and 32 of paper book) Sale consideration

COUNTRY CLUB HOSPITALITY & HOLIDAYS LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, the appeal filed by the assessee is partly allowed

ITA 1480/HYD/2025[2011-12]Status: DisposedITAT Hyderabad27 Mar 2026AY 2011-12

Section 139Section 143(2)Section 143(3)Section 147Section 148Section 149Section 250

capital or revenue and has held the same to be revenue in nature. Similar view has been expressed by the Hon'ble Delhi High Court in the cases of CIT vs. Havells India Ltd., (cited supra) and also DCIT vs. UAG Builders (P.) Ltd., Delhi (cited supra). We, therefore, find that this issue is fairly covered by the above cited

KRISHNA MOHAN SAHU.,HYDERABAD. vs. INCOME TAX OFFICER, INTL. TAXATION-1., HYDERABAD

In the result, assessee’s appeal is treated as allowed

ITA 1343/HYD/2017[2010-11]Status: DisposedITAT Hyderabad28 Mar 2018AY 2010-11

Bench: Smt. P. Madhavi Devidr. Krishna Mohan Sahu Vs Income Tax Officer Hyderabad (International Taxation)-1 Pan: Ajvps4399A Hyderabad (Appellant) (Respondent)

For Appellant: Shri Nalin ShahFor Respondent: Smt. N. Swapna, DR

Section 143(3)Section 154Section 195

section 195 of the Act, any payment made to an NRI attracts TDS and hence securities/brokerage firms, deduct TDS at 10% on any sale of securities and remitted to his account notwithstanding whether the non-resident has gained or has incurred loss on such transaction and since the deduction of TDS, whether on interest or on sale of securities

KRISHNA CONSTRUCTIONS,NIRMAL vs. INCOME TAX OFFICER, WARD-1, NIRMAL

In the result, appeal of the Assessee is allowed

ITA 1330/HYD/2025[2017-18]Status: DisposedITAT Hyderabad08 Apr 2026AY 2017-18

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita.No.1330/Hyd/2025 Assessment Year 2017-2018 Krishna Constructions The Income Tax Officer, Nirmal. Telangana. Ward-1, Vs. Pin – 504 106. Nirmal – 504 106. Pan Aapfk1280K Telangana. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By : Sri D Prabhakar Reddy, Advocate राज" व "ारा/Revenue By : Dr. Sachin Kumar,Sr. Ar सुनवाई की तारीख/Date Of Hearing: 10.03.2026 घोषणा की तारीख/Pronouncement: 08.04.2026 आदेश/Order Per Vijay Pal Rao:

For Appellant: Sri D Prabhakar Reddy, AdvocateFor Respondent: Dr. Sachin Kumar,Sr. AR

Section 143(2)Section 143(3)

482/ is determined by allowing the assessee to set off against capital gain from acquisition of smartplay startup by aricent, which in our opinion was not identified for examination under the limited scrutiny. The sole basis of the assessment is completely based on the AO's presumption that there is a artificial arrangement to generate capital loss whereas the case

DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)., HYDERABAD vs. KSK ENERGY COMPANY PRIVATE LIMITED., HYDERABAD

In the result, all the appeals of revenue are allowed

ITA 1120/HYD/2017[2011-12]Status: DisposedITAT Hyderabad30 Aug 2021AY 2011-12

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri S. Rama RaoFor Respondent: Smt. Nivedita Biswas

gains", and this has been the consistent view of this Court. 21. In our opinion, the High Court in the impugned judgment, as well as the Tribunal and the Income-tax authorities have approached the matter 23 1120/Hyd/2017 and others KSK Energy Company Pvt. Ltd., Hyderabad. from an erroneous angle. In the present case, the assessee borrowed the fund from

DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)., HYDERABAD vs. KSK ENERGY COMPANY PRIVATE LIMITED, HYDERABAD

In the result, all the appeals of revenue are allowed

ITA 1121/HYD/2017[2013-14]Status: DisposedITAT Hyderabad30 Aug 2021AY 2013-14

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri S. Rama RaoFor Respondent: Smt. Nivedita Biswas

gains", and this has been the consistent view of this Court. 21. In our opinion, the High Court in the impugned judgment, as well as the Tribunal and the Income-tax authorities have approached the matter 23 1120/Hyd/2017 and others KSK Energy Company Pvt. Ltd., Hyderabad. from an erroneous angle. In the present case, the assessee borrowed the fund from

DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)., HYDERABAD vs. KSK ENERGY COMPANY PRIVATE LIMITED, HYDERABAD

In the result, all the appeals of revenue are allowed

ITA 1663/HYD/2017[2014-15]Status: DisposedITAT Hyderabad30 Aug 2021AY 2014-15

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri S. Rama RaoFor Respondent: Smt. Nivedita Biswas

gains", and this has been the consistent view of this Court. 21. In our opinion, the High Court in the impugned judgment, as well as the Tribunal and the Income-tax authorities have approached the matter 23 1120/Hyd/2017 and others KSK Energy Company Pvt. Ltd., Hyderabad. from an erroneous angle. In the present case, the assessee borrowed the fund from

DCIT, CIRCLE-2(1), HYDERABAD, HYDERABAD vs. KSK ENERGY COMPANY PRIVATE LIMITED, HYDERABAD, HYDERABAD

In the result, all the appeals of revenue are allowed

ITA 1745/HYD/2016[2010-11]Status: DisposedITAT Hyderabad30 Aug 2021AY 2010-11

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

For Appellant: Shri S. Rama RaoFor Respondent: Smt. Nivedita Biswas

gains", and this has been the consistent view of this Court. 21. In our opinion, the High Court in the impugned judgment, as well as the Tribunal and the Income-tax authorities have approached the matter 23 1120/Hyd/2017 and others KSK Energy Company Pvt. Ltd., Hyderabad. from an erroneous angle. In the present case, the assessee borrowed the fund from

ZUARI CEMENT LIMITED, KADAPA,KADAPA vs. ACIT, CIRCLE-1, KADAPA, KADAPA

Accordingly, this issue is allowed for statistical purposes

ITA 254/HYD/2017[2012-13]Status: DisposedITAT Hyderabad27 Jun 2022AY 2012-13

Bench: Shri Laliet Kumar & Shri Laxmi Prasad Sahusl.

For Appellant: Shri Deepak Chopra and Shri Nitin Narang, AdvocatesFor Respondent: Shri Rajendra Kumar, CIT-DR

gains of business or profession.” In the given case, it is clear that the cash discount is expected to provide benefit to the Company (in terms of extended sales). Further, the Company provides various kinds of discount such as incentives, trade discount, price cards, special rebates, dealer incentives, service dealer commission, service commission to commission agent and quantity discounts depending

ZUARI CEMENT LIMITED, KADAPA,KADAPA vs. ACIT, CIRCLE-1, KADAPA, KADAPA

Accordingly, this issue is allowed for statistical purposes

ITA 616/HYD/2016[2011-12]Status: DisposedITAT Hyderabad27 Jun 2022AY 2011-12

Bench: Shri Laliet Kumar & Shri Laxmi Prasad Sahusl.

For Appellant: Shri Deepak Chopra and Shri Nitin Narang, AdvocatesFor Respondent: Shri Rajendra Kumar, CIT-DR

gains of business or profession.” In the given case, it is clear that the cash discount is expected to provide benefit to the Company (in terms of extended sales). Further, the Company provides various kinds of discount such as incentives, trade discount, price cards, special rebates, dealer incentives, service dealer commission, service commission to commission agent and quantity discounts depending

ZUARI CEMENT LIMITED,KADAPA vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), KADAPA

Accordingly, this issue is allowed for statistical purposes

ITA 182/HYD/2018[2013-14]Status: DisposedITAT Hyderabad27 Jun 2022AY 2013-14

Bench: Shri Laliet Kumar & Shri Laxmi Prasad Sahusl.

For Appellant: Shri Deepak Chopra and Shri Nitin Narang, AdvocatesFor Respondent: Shri Rajendra Kumar, CIT-DR

gains of business or profession.” In the given case, it is clear that the cash discount is expected to provide benefit to the Company (in terms of extended sales). Further, the Company provides various kinds of discount such as incentives, trade discount, price cards, special rebates, dealer incentives, service dealer commission, service commission to commission agent and quantity discounts depending

ZUARI CEMENT LIMITED ,KADAPA vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, KADAPA

Accordingly, this issue is allowed for statistical purposes

ITA 2169/HYD/2018[2012-13]Status: DisposedITAT Hyderabad27 Jun 2022AY 2012-13

Bench: Shri Laliet Kumar & Shri Laxmi Prasad Sahusl.

For Appellant: Shri Deepak Chopra and Shri Nitin Narang, AdvocatesFor Respondent: Shri Rajendra Kumar, CIT-DR

gains of business or profession.” In the given case, it is clear that the cash discount is expected to provide benefit to the Company (in terms of extended sales). Further, the Company provides various kinds of discount such as incentives, trade discount, price cards, special rebates, dealer incentives, service dealer commission, service commission to commission agent and quantity discounts depending

ZUARI CEMENT LIMITED,KADAPA vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, KADAPA

Accordingly, this issue is allowed for statistical purposes

ITA 66/HYD/2019[2014-15]Status: DisposedITAT Hyderabad27 Jun 2022AY 2014-15

Bench: Shri Laliet Kumar & Shri Laxmi Prasad Sahusl.

For Appellant: Shri Deepak Chopra and Shri Nitin Narang, AdvocatesFor Respondent: Shri Rajendra Kumar, CIT-DR

gains of business or profession.” In the given case, it is clear that the cash discount is expected to provide benefit to the Company (in terms of extended sales). Further, the Company provides various kinds of discount such as incentives, trade discount, price cards, special rebates, dealer incentives, service dealer commission, service commission to commission agent and quantity discounts depending

M/S. BRIGHTCOM GROUP LIMITED (FORMERLY KNOWN AS LYCOS INTERNET LIMITED),HYDERABAD vs. DCIT CIRCLE -16(1), HYDERABAD

In the result, all the three appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

ITA 118/HYD/2016[2011-12]Status: DisposedITAT Hyderabad22 Feb 2023AY 2011-12

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Appellant: Shri P. Murali Mohan Rao, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT(DR)

Section 10ASection 143(2)Section 143(3)Section 92CSection 92C(3)

482/- Alleged Investment during the year Rs. 50,17,31,400/- Interest free loan/Advance during the year- Rs.50,17,31,400/- Page 6 of 24 ITA Nos 365 451 and 480 of 2015 and 118 of 2016 Brightcom Interest @ 12.25% on Rs.50,17,31,400 = Rs.6,14,62,097/-. 10. Before the DRP, the assessee submitted that : a) The investment

DCIT, CIRCLE-17(2), HYD, HYDERABAD vs. LYCOS INTERNET LTD (PRESENTLY KNOWN AS BRIGHTCOM GROUP LIMITED), HYDERABAD

In the result, all the three appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

ITA 480/HYD/2015[2010-11]Status: DisposedITAT Hyderabad22 Feb 2023AY 2010-11

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Appellant: Shri P. Murali Mohan Rao, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT(DR)

Section 10ASection 143(2)Section 143(3)Section 92CSection 92C(3)

482/- Alleged Investment during the year Rs. 50,17,31,400/- Interest free loan/Advance during the year- Rs.50,17,31,400/- Page 6 of 24 ITA Nos 365 451 and 480 of 2015 and 118 of 2016 Brightcom Interest @ 12.25% on Rs.50,17,31,400 = Rs.6,14,62,097/-. 10. Before the DRP, the assessee submitted that : a) The investment

M/S. BRIGHTCOM GROUP LIMITED (FORMERLY KNOWN AS LYCOS INTERNET LIMITED),HYDERABAD vs. DCIT, CIRCLE-17(2), HYDERABAD

In the result, all the three appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

ITA 451/HYD/2015[2010-11]Status: DisposedITAT Hyderabad22 Feb 2023AY 2010-11

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Appellant: Shri P. Murali Mohan Rao, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT(DR)

Section 10ASection 143(2)Section 143(3)Section 92CSection 92C(3)

482/- Alleged Investment during the year Rs. 50,17,31,400/- Interest free loan/Advance during the year- Rs.50,17,31,400/- Page 6 of 24 ITA Nos 365 451 and 480 of 2015 and 118 of 2016 Brightcom Interest @ 12.25% on Rs.50,17,31,400 = Rs.6,14,62,097/-. 10. Before the DRP, the assessee submitted that : a) The investment

M/S. BRIGHTCOM GROUP LIMITED (FORMERLY KNOWN AS LYCOS INTERNET LIMITED),HYDERABAD vs. DCIT CIRCLE -17(2), HYDERABAD

In the result, all the three appeals filed by the assessee are partly allowed and the only appeal filed by the Revenue is dismissed

ITA 365/HYD/2015[2010-11]Status: DisposedITAT Hyderabad22 Feb 2023AY 2010-11

Bench: Shri R.K. Panda & Shri Laliet Kumar

For Appellant: Shri P. Murali Mohan Rao, CAFor Respondent: Shri Jeevan Lal Lavidiya, CIT(DR)

Section 10ASection 143(2)Section 143(3)Section 92CSection 92C(3)

482/- Alleged Investment during the year Rs. 50,17,31,400/- Interest free loan/Advance during the year- Rs.50,17,31,400/- Page 6 of 24 ITA Nos 365 451 and 480 of 2015 and 118 of 2016 Brightcom Interest @ 12.25% on Rs.50,17,31,400 = Rs.6,14,62,097/-. 10. Before the DRP, the assessee submitted that : a) The investment