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4 results for “transfer pricing”+ Long Term Capital Gainsclear

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Key Topics

Section 143(3)6Section 148(1)5Section 2633Section 1473Section 56(2)(vii)2Section 1392Section 12Section 54B2Capital Gains2

INCOME TAX OFFICER,WARD 1(1), JABALPUR vs. SHRI DEEPAK SINGH BANAFER, JABALPUR

In the result, the Revenue’s appeal is allowed on the aforesaid terms

ITA 92/JAB/2019[2014-15]Status: DisposedITAT Jabalpur11 Jan 2023AY 2014-15

Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble

For Appellant: Sh. L.L. Sharma, AdvocateFor Respondent: Sh. Shiv Kumar, Sr. DR
Section 131Section 143(3)Section 147Section 148(1)Section 54B

Long Term Capital Gain of Rs. 2,48,17,420. 2. Any other ground as may be adduced at the time of hearing.’ 3. Before us, the matter was argued at length. Like submissions, i.e., as before the Revenue authorities, were made before us. While Sh. Kumar, the ld. Sr. DR, relied on the assessment order, the assessee would

Revision u/s 2632

SHRI VINOD KUMAR CHATE,JABALPUR vs. COMMISSIONER OF INCOME TAX-2, JABALPUR

ITA 60/JAB/2017[2012-13]Status: DisposedITAT Jabalpur30 Mar 2022AY 2012-13
Section 1Section 139Section 143(3)Section 147Section 148(1)

terms of s. 50C as amended by Finance Act, 2016. 3. We have heard the parties, and perused the material on record. 3.1 The foregoing, i.e., para 2, outlines the controversy attending the instant appeals as well as, broadly, the respective cases of the parties, with the arguments before us being on the same lines. 3.2 At the outset

INCOME TAX OFFICER, WARD-2 (3), JABALPUR vs. SHRI VINOD KUMAR CHATE, JABALPUR

ITA 134/JAB/2018[2012-13]Status: DisposedITAT Jabalpur30 Mar 2022AY 2012-13
Section 1Section 139Section 143(3)Section 147Section 148(1)

terms of s. 50C as amended by Finance Act, 2016. 3. We have heard the parties, and perused the material on record. 3.1 The foregoing, i.e., para 2, outlines the controversy attending the instant appeals as well as, broadly, the respective cases of the parties, with the arguments before us being on the same lines. 3.2 At the outset

RITA MANCHHANI ,JABALPUR vs. PR. CIT-1 JABALPUR, JABALPUR

In the result, the assessee‘s appeal is dismissed on the afore-said terms

ITA 19/JAB/2021[2015-16]Status: DisposedITAT Jabalpur29 Nov 2022AY 2015-16

Bench: Shri Sanjay Arora, Hon‘Ble & Shri Manomohan Das, Hon'Ble

For Appellant: Shri Rahul Bardia, FCAFor Respondent: Shri Sanjay Kumar, CIT-DR
Section 143(3)Section 263Section 56(2)(vii)

price by adopting the provision of section 50C of the Act more so when the said provision is not applicable on the facts of the present case. Therefore, the AO is directed to take sale value as Rs. 16,00,00,000/- for calculation of capital gain. Therefore, the appeal on this ground is allowed.‘ Again, as apparent, the same