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2 results for “house property”+ Section 36(1)(viia)clear

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Key Topics

Section 143(3)3Section 36(1)(viia)2Section 56(2)(viib)2Addition to Income2

ACIT 5 (1), BHOPAL vs. M/S VINDHYA SOLVENT PVT. LTD., BHOPAL

In the result, Revenue’s appeal is dismissed

ITA 281/IND/2018[14-15]Status: DisposedITAT Indore18 Oct 2022

Bench: Ms. Madhumita Roy& Shri Bhagirath Mal Biyani

For Appellant: RespondentbyFor Respondent: Shri Sumit Nema, Sr
Section 142(1)Section 143(2)Section 143(3)Section 56(2)(viib)Section 68

property as exceeds such consideration shall be chargeable to income-tax under the head, "Income from other sources". Further, the NAV method as per Rule 11UA has been prescribed as the method for computing FMV of the shares for the purposes of section 56(2)(viib) of the IT Act. Thus, even if for the sake of argument, shares were

MADHYA PRADESH MADHYA KSHETRA VIDUT VITARAN CO LTD,BHOPAL vs. THE ITO 2(1), BHOPAL

In the result, this appeal is allowed for statistical purpose

ITA 252/IND/2023[2014-15]Status: DisposedITAT Indore30 Apr 2025AY 2014-15
Section 143(3)Section 36(1)(viia)Section 37

section 36(1)(viia)\nof the I.T. Act, the amount of Rs.47.31 crores disallowed by the AO is\nconfirmed. This ground of appeal is hereby dismissed.\n6.4 Accordingly, this ground of app of appeal is treated as dismissed.\"\n5. Ld. AR next carried us a sheet titled “Computation of Total Income\"\nfiled at Page 2 of Paper-Book, the same