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8 results for “capital gains”+ Section 546clear

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Key Topics

Section 143(3)28Section 153A12Section 1488Addition to Income8Section 687Section 143(2)4Section 1323Section 132(4)3Section 142(1)3

NILIMA KOTHARI,INDORE vs. THE INCOME TAX OFFICER, NATIONAL FACELESS ASSTT. CENTRE, INDORE

In the result appeal of the assessee is allowed as per terms indicated above

ITA 259/IND/2024[2016-17]Status: DisposedITAT Indore20 Sept 2024AY 2016-17

Bench: Shri Manish Boradsmt. Neelima Kothari, Income Tax Officer, 601, N.R.K. Villas, Delhi Vs. 22/2 Manoramaganj, Indore (Appellant / Assessee) (Respondent/ Revenue) Pan: Adnpk7832J Assessee By Shri S.S. Deshpande, Ar Revenue By Shri Ashish Porwal, Sr.Dr Date Of Hearing 08.08.2024 Date Of Pronouncement 20.09.2024

Section 10(38)Section 147Section 148Section 151Section 68

capital gain earned on sale of shares was Rs.24,39,177/- only i.e. much less than Rs. 50 lacs. Hence the proceedings initiated u/s 148 of the Act were barred by time. The AO disposed off the objection relying upon CBDT instruction no.1 dated 11.05.2022. Kind attention is invited to recent judgment in the case of SitaramGautam vs. DCIT

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

ITA 309/IND/2017[2013-14]Status: DisposedITAT Indore25 Jan 2023AY 2013-14

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

gain under section 10(38) of the Act can be made in the absence of any incriminating material found during the course of search. These submissions and case laws referred to by the assessee are reproduced by the ld.CIT(A) in his impugned order. The ld.CIT(A) after considering detailed submissions of the assessee and case laws cited

THE DCIT, 2(1), INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

ITA 244/IND/2017[2012-13]Status: DisposedITAT Indore25 Jan 2023AY 2012-13

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

gain under section 10(38) of the Act can be made in the absence of any incriminating material found during the course of search. These submissions and case laws referred to by the assessee are reproduced by the ld.CIT(A) in his impugned order. The ld.CIT(A) after considering detailed submissions of the assessee and case laws cited

JCIT(OSD),-2(1),INDORE, INDORE vs. SHRI KESHAV KUMAR NACHANI, INDORE

In the result, all the appeals of the Revenue are dismissed

ITA 441/IND/2018[2014-15]Status: DisposedITAT Indore25 Jan 2023AY 2014-15

Bench: Smt. Madhumita Roy & Shri Bhagirath Mal Biyani

For Appellant: Shri S. S. Deshpande, CAFor Respondent: Shri P.K. Mishra, CIT-DR
Section 132Section 132(4)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

gain under section 10(38) of the Act can be made in the absence of any incriminating material found during the course of search. These submissions and case laws referred to by the assessee are reproduced by the ld.CIT(A) in his impugned order. The ld.CIT(A) after considering detailed submissions of the assessee and case laws cited

M/S. BRIDGESTONE INDIA PVT. LTD.,PUNE vs. THE ACIT NFAC, DELHI

In the result, appeal of assessee is partly allowed

ITA 84/IND/2022[2017-18/]Status: DisposedITAT Indore17 Jul 2023

Bench: Shri Vijay Pal Rao & Shri B.M. Biyanibridgestone India Pvt. Ltd. Acit (Nfac) Plot No.A-43, Phase-Ii, Delhi Midc Chakan, Village Vs. Sawardari, Taluka Khed, Pune (Appellant / Assessee) (Respondent/ Revenue) Pan: Aabcb 2304 E Assessee By Shri Sukhsagar Syal, Ar Revenue By Shri P.K. Mishra, Cit-Dr Date Of Hearing 23.05.2023 Date Of Pronouncement 17.07.2023

Section 143(3)Section 144C(13)Section 144C(5)Section 43(1)

Section 58 of the Income-tax Act for supplementary statement of facts on the ground that the learned Income-tax Appellate Tribunal has not recorded essential facts on the point of object and purpose of giving subsidy to the respondent nor is any such finding of fact given. However, after hearing learned counsel, we see no valid ground to allow

THE ACIT-2(1), UJJAIN vs. SHRI SANJAY BAGDI, UJJAIN

In the result appeal of the revenue is allowed for statistical

ITA 327/IND/2017[2012-13]Status: DisposedITAT Indore13 Nov 2018AY 2012-13

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year 2012-13 Assistant Commissioner Of Shri Sanjay Bagdi, Income Tax – 2(1), Vs. 173 Alakhdham Nagar, Ujjain Ujjain (Appellant) (Respondent ) Pan No.Ahcpb6349L Revenue By Shri K.G. Goyal, Sr.Dr Assessee By S/Shri S.S. Deshpande & Bhavesh Netkar,Cas Date Of Hearing 01.11.2018 Date Of Pronouncement 14.11.2018 O R D E R

Section 143(1)(a)Section 143(2)Section 143(3)Section 145

546/- 2. Profit @ 8% on other contract receipts of Rs.6,04,82,012/- - Rs.48,38,561/- Total Rs.53,37,107/- The appellant himself has shown the income at Rs.31,34,530/-. Therefore, the addition to the extent of Rs.22,02,577/- (Rs.53,37,107 – Rs.31,34,530) is confirmed. The appellant will get the relief of Rs.86,98,426/-. Therefore

M/S ANANT STEEL P LTD,INDORE vs. THE DCIT 1(1), INDORE

In the result appeal of the assessee raised vide ITA

ITA 820/IND/2018[13-14]Status: DisposedITAT Indore10 Mar 2021

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

Section 143(3)Section 145(3)Section 40

546/- (wrongly mentioned as Rs. 10,16,87,108/- in assessment order). The appellant craves leave to add to or deduct from or otherwise amend the above grounds of appeal. 4. Brief facts of the case as culled out from the records are that the assessee is a private limited company engaged in the business of running of rolling mills

THE DCIT 1(1), INDORE vs. M/S ANANT STEEL P LTD, INDORE

In the result appeal of the assessee raised vide ITA

ITA 876/IND/2018[2013-14]Status: DisposedITAT Indore10 Mar 2021AY 2013-14

Bench: Hon’Ble Kul Bharat & Hon’Ble Manish Borad

Section 143(3)Section 145(3)Section 40

546/- (wrongly mentioned as Rs. 10,16,87,108/- in assessment order). The appellant craves leave to add to or deduct from or otherwise amend the above grounds of appeal. 4. Brief facts of the case as culled out from the records are that the assessee is a private limited company engaged in the business of running of rolling mills