DCIT, CENTRAL CIRCLE-2(4), HYDERABAD, HYDERABAD vs. LAXMI GARDENS, HYDERABAD, HYDERABAD

In the result, the appeal of Revenue is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

1) Any profits or gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 548, 54D, 54E, 54EA, 54EB,54F

INCOME TAX OFFICER, WARD-1, CHITTOOR vs. G VIJAYASIMHA REDDY, BENGALURU

In the result, the appeal of Revenue in ITA

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

Section 54F of the Income tax Act, 1961. Hence he admitted the income received from the project as capital gains and claimed exemption u/s 54F. For all the above reasons discussed above the request of the assessee vide his letter dated 11.12 2017 received in this office on 15.12.2017 to consider the receipts from the project as capital gains

ITO (INTERNATIONAL TAXATION)-1, HYDERABAD vs. KESAVA KUMAR KUNAPUREDDY, HYDERABAD

In the result, the appeal of the Revenue is dismissed

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

54F of the Act, as per sub- section (4) of the Act. Since the assessee has failed to prove the investment of unutilized amount of capital gain in the Capital Gain Deposit Account Scheme on or before the due date of filing 6 Kesava Kumar Kunapureddy of return of income under Section 139(1

DCIT., (INTERNATIONAL TAXATION)-1, HYDERABAD vs. SYAMA REDDY MALI REDDY, HYDERABAD

Section 54F(1) is less than the net\nconsideration received by her on the sale of the original asset, then,\nso much of the capital gain

JOSEPH KIRAN KUMAR REDDY BASANI,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Manjunatha G. Hon’Ble & Shri K. Narasimha Chary Hon’Bleassessment Year: 2015-16 Vs. The Deputy Commissioner Of Joseph Kiran Kumar Reddy Income Tax, Basani, Circle 5(1), C/O. Pary & Co., Chartered Hyderabad. Accountants, No.6, 2Nd Floor, 8-2-703/Vj/6, Vijay Villa, Road No.12, Banjara Hills, Hyderabad – 500034, Telangana. Pan : Agcpb8082B. (Appellant) (Respondent) Assessee By: Shri Vamsi Krishna Reddy, C.A. Revenue By: Shri Karthik Manickam, Sr.Ar. Date Of Hearing: 29.10.2024 Date Of Pronouncement: 29.10.2024

capital gain by the Assessing Officer, however, the ld.CIT(A) rejected the alternative claim of the assessee for deduction under section 54/54F of the Act on the ground that, as per the provisions of section 54F(1

ITO, WARD-7(3), HYD, HYDERABAD vs. KOSETTY KISHORE, HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

54F against this capital gains. The Assessing Officer computed the long term capital gains at 1,04,15,866/- and assessed the total income, including the long term capital gains at Rs. 1,08,15,036/-. 11. Aggrieved by the order of AO, the assessee preferred an appeal before the CIT(A). 12. After considering the submissions of the assessee

K GOPAL RAJ, HYD,HYDERABAD vs. DCIT, CEN.CIRCLE-1(3), HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

54F against this capital gains. The Assessing Officer computed the long term capital gains at 1,04,15,866/- and assessed the total income, including the long term capital gains at Rs. 1,08,15,036/-. 11. Aggrieved by the order of AO, the assessee preferred an appeal before the CIT(A). 12. After considering the submissions of the assessee

ITO, WARD-7(3), HYD, HYDERABAD vs. KOSETTY NAGARAJU, HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

54F against this capital gains. The Assessing Officer computed the long term capital gains at 1,04,15,866/- and assessed the total income, including the long term capital gains at Rs. 1,08,15,036/-. 11. Aggrieved by the order of AO, the assessee preferred an appeal before the CIT(A). 12. After considering the submissions of the assessee

ACIT, CIRCLE-7(1), HYDERABAD, HYDERABAD vs. K GOPAL RAJ, HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

54F against this capital gains. The Assessing Officer computed the long term capital gains at 1,04,15,866/- and assessed the total income, including the long term capital gains at Rs. 1,08,15,036/-. 11. Aggrieved by the order of AO, the assessee preferred an appeal before the CIT(A). 12. After considering the submissions of the assessee

SRIDHAR REDDY BAYAPU,HYDERABAD vs. DCIT., CIRCLE-3(1), HYDERABAD

Bench: Us:

1) in a Capital Gains Scheme account. The appellant has not utilized the capital gains arising out of the sale proceeds from the sale of property on 31/10/2015 for investment in the new asset within the due date of furnishing the return. It is to be noted that the appellant has not deposited the sale consideration or the capital gains

MOHAMMED JAML QURESHI,RANGA REDDY vs. INCOME TAX OFFICER, WARD-8(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed

MOHAMED JAMAL QURESHI,RANGA REDDY vs. INCOME TAX OFFICER, WARD-8(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed

MOHAMMED SAYEED QURESHI,RANGA REDDY vs. INCOME TAX OFFICER, WARD-8(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed

MOHAMMED ABBAS,RANGA REDDY vs. INCOME TAX OFFICER, WARD-8(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed

MOHAMMED ABBAS,RANGA REDDY vs. INCOME TAX OFFICER, WARD-15(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed

MOHAMMED GHANI QURESHI,RANGA REDDY vs. INCOME TAX OFFICER, WARD-8(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed

MOHAMED GHANI QURESHI,RANGA REDDY vs. INCOME TAX OFFICER, WARD-8(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed

MOHAMMED SAYEED QURESHI,RANGA REDDY vs. INCOME TAX OFFICER, WARD-8(1), HYDERABAD

In the result, both the appeals of the assessee for AY

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

54F gains declared in improvement arrived after revised claiming return deductions before claiming deductions Sri 87,95,159 4,60,069 44,10,229 39,24,861 Nil Mohammed Ghani 4 I.T.A. No. 454Hyd/18 and others Md. Abbas Qureshi and others Qureshi Sri 1,10,42,810 5,77,642 63,14,007 11,91,294 29,59,867 Mohammed