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3 results for “house property”+ Section 55Aclear

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Key Topics

Section 54F6Section 143(3)3Section 2(47)2Addition to Income2

N PADMAJA DEVI,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(1), HYDERABAD

Appeal are dismissed

ITA 2248/HYD/2017[2011-12]Status: DisposedITAT Hyderabad30 Apr 2021AY 2011-12

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu(Through Physical Hearing) Smt. Nandamuri Padmaja Devi, Vs. Deputy Commissioner Ramakrishna 70 Mm, Of Income Tax, Ntr Estates, Abids, Circle 2(1), Hyderabad. Hyderabad-500 001 Pan Aaxpn 3203B Appellant Respondent

For Appellant: Shri G.Kalyan Das & Shri A. harishFor Respondent: Shri Rohit Majumdar (D.R.)
Section 143(3)Section 254

Section 143(3) r.w.s. 147 of Income Tax Act, 1961 (‘the Act’). 2 Heard both the parties. Case file perused. 2. The assessee has raised the following substantive grounds in the instant appeal : “ 1. The order of the learned Commissioner of Income Tax (Appeals) is contrary to law and the facts. 2. Authorities below erred in not accepting Capital Gains

DCIT,CENT CIR-2(4), HYDERABAD, HYDERABAD vs. CLEAN CITY ESTATES PRIVATE LIMITED, HYDERABAD, HYDERABAD

In the result, appeal of the revenue is dismissed

ITA 1624/HYD/2016[2011-12]Status: DisposedITAT Hyderabad20 Feb 2020AY 2011-12

Bench: Smt. P. Madhavi Devi & Shri A. Alankamonyassessment Year: 2011-12 Dy. Commissioner Of Vs. Clean City Estates Pvt. Ltd., Income-Tax, Hyderabad. Central Circle – 2(4), Hyderabad. Pan – Aaccc4799H Appellant Respondent Revenue By: Shri Y.V.S.T. Sai Assessee By: Shri A.V. Raghuram Date Of Hearing: 11/12/2019 Date Of Pronouncement: 21/02/2020 O R D E R Per Smt. P. Madhavi Devi, J.M.:

For Appellant: Shri A.V. RaghuramFor Respondent: Shri Y.V.S.T. Sai
Section 143(3)Section 153CSection 2(47)

55A of the Transfer of Property Act, at the cost of repetition, is only for the purpose of transfer under section 2(47) which, in turn, is relevant, as it states in so many words by using the expression “transfer", in relation to a capital asset, includes”, only for the purposes of capital assets under the Income

DY. COMMISSIONER OF INCOME TAX , CIRCLE-11(1), HYDERABAD vs. LATE SHRI IENENI SRIPATHIRAO L/R IENENI SHASHIKANT, HYDERABAD

Appeal is dismissed in above terms

ITA 1380/HYD/2019[2011-12]Status: DisposedITAT Hyderabad29 Nov 2021AY 2011-12

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2011-12 The Asst. Commissioner Of Vs. Late Shri Ieneni Income Tax, Sripathirao Circle – 11(1), L/R Ieneni Shashikant, Hyderabad. H.No.5-2-41/20, Seshadri Nagar, Kukatpally, Hyderabad. Pan : Beeps2654P. (Appellant) (Respondent) Assessee By: Shri K.C. Devdas. Revenue By: Shri T. Sunil Goutam. Date Of Hearing: 23/11/2021 Date Of Pronouncement: 29/11/2021 O R D E R Per S. S. Godara, J.M. This Assessee’S Appeal For A.Y 2011-12 Arises From The Commissioner Of Income Tax (Appeals)-5, Hyderabad’S Order Dated 16.07.2019, In Case No.0060/2018-19/Cit(A)-5 Involving Proceedings Under Section 143(3) R.W.S. 147 Of Income Tax Act, 1961 (In Short, “The Act”). Heard Both The Parties. Case File Perused.

For Appellant: Shri K.C. DevdasFor Respondent: Shri T. Sunil Goutam
Section 143(3)Section 54F

houses and parking comprising of the Owner's share and developer's share. The AO for determining the individual sale consideration of appellant got the value from the SRO during the course of assessment proceedings and the SRO stated that the constructed area cost for the purposes of stamp duty was Rs. 1300/- per sq.ft. The AO therefore determined