LAL CHAND MEENA,JAIPUR vs. ITO WD 5(2), JAIPUR

Bench: DR. S. SEETHALAKSHMI (Judicial Member)

gains to the extent of investment in the new asset 4.4.2 Following the view held by the Hon'ble Tribunal, it may further be noted if the interpretation given by the appellant is accepted, then both section 45 nor section 50C would fail. Section 54F only provides the method of computation of capital

OMPRAKASH,DHOLPUR vs. ITO WARD 4 BHARATPUR, BHARATPUR

In the result, the both the appeals of the assessee are allowed for statistical\npurposes as indicated hereinabove\nOrder pronounced in the open court on\n17/01/2025

capital gains arising from its sale\nwere not chargeable to tax under section 45 - Held, yes [Paras 8, 9] [In favour of\nassessee]\"\nb. That THE HON'BLE HIGH COURT OF BOMBAY incase of Ashok\nChaganlalThakkarv. National Faceless Assessment Centre* [2024] 159 taxmann.com\n559 (Bombay) held that \"Section 2(14), read with sections 50C

INCOME TAX OFFICER, WARD-1-5, JAIPUR vs. SHRI BANWARI LAL SHARMA, JAIPUR

In the result, both the appeals filed by the assessee and Revenue are disposed off in light of aforesaid directions

capital gain at Rs. 6,34,62,356/- was made in the hands of the assessee on protective basis by invoking the provisions of section 50C

SHRI BANWARI LAL SHARMA,JAIPUR vs. INCOME TAX OFFICER, WARD-1-5, JAIPUR

In the result, both the appeals filed by the assessee and Revenue are disposed off in light of aforesaid directions

capital gain at Rs. 6,34,62,356/- was made in the hands of the assessee on protective basis by invoking the provisions of section 50C

NANAG RAM MEENA,JAIPUR vs. ITO WARD 6(4), JAIPUR

In the result, the appeal of the assesee is partly allowed as indicated\nhereinabove

50C of the Act. It is\nfurther noted that AO incorrectly computed the Long-Term Capital Gain i.e.\nthe capital gain of Rs.71,80,672/- and deduction u/s 54F amounting to Rs\n27,50,000.00, after considering Id. CIT (A) order. As per the settled position\nof law, for the purpose of section

RAM SHRAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

Capital Gain w/s 50C. The mechanism is provided in the\nsection itself. If the assessee claims before Assessing Officer that the value adopted or\nassessed or assessable by the stamp valuation authority under sub-section

RAM SHARAN KATTA, 257, KATTA STREET, JAIN MANDIR WALI GALI, DURGAPURA, JAIPUR,JAIPUR vs. ITO WARD-6(4), JAIPUR, WARD-6(4), JAIPUR

In the result, the appeals of the assessee are allowed

Capital Gain w/s 50C. The mechanism is provided in the\nsection itself. If the assessee claims before Assessing Officer that the value adopted or\nassessed or assessable by the stamp valuation authority under sub-section

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

Section 50C, is required to avoid miscarriage of\njustice. The legislature did not intend that the capital gain should be fixed

SIYARAM EXPORTS INDIA PRIVATE LIMITED,JAIPUR vs. ITO WARD 6(4), JAIPUR, JAIPUR

Section 50C, is required to avoid miscarriage of\njustice. The legislature did not intend that the capital gain should be fixed

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

Section 50C, is required to avoid miscarriage of\njustice. The legislature did not intend that the capital gain should be fixed

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

Section 50C, is required to avoid miscarriage of\njustice. The legislature did not intend that the capital gain should be fixed

SIYARAM EXPORTS INDIA PRIVATE LIMITED,JAIPUR vs. ITO WARD 6(4), JAIPUR, JAIPUR

Section 50C, is required to avoid miscarriage of\njustice. The legislature did not intend that the capital gain should be fixed

SIYARAM EXPORTS INDIA PVT. LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

Section 50C, is required to avoid miscarriage of\njustice. The legislature did not intend that the capital gain should be fixed

SHRI MANOJ KUMAR,JAIPUR vs. INCOME TAX OFFICER, JAIPUR

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

50C, if the value ascertained as mentioned in sub-section (2) exceeds the value adopted, assessed or assessable by the stamp valuation authority, such valuation of the authority would prevail, in other words, for the purpose of capital gains

BHARATPUR ROYAL FAMILY RELIGIOUS & CEREMONIAL TRUST,BHARATPUR vs. CIT(E), JAIPUR

In the result, we upheld the order of the ld PCIT in exercise of his powers u/s 263 in setting aside the order so passed by the AO and the grounds of appeal taken by the assessee are hereby dismissed

50C are applicable in respect of the capital gain assessable in the hands of a trust. So far as the exemption available to the Trust in respect of the Capital gain arising from sale of capital asset being property held under Trust, section

SHRI SATISH CHANDRA KATTA,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

Section 50C, is required to avoid miscarriage of\njustice. The legislature did not intend that the capital gain should be fixed

SHRI LALIT KUMAR KALWAR,SARWAR vs. INCOME TAX OFFICER, AJMER

Bench: HON’BLE SHRI SANDEEP GOSAIN (Judicial Member)

50C of the Act. 4]The authority below has denied the deduction u/s 54F on the reason that the assessee has not deposited the consideration received in transfer of property in capital gain a/c as per provision of section

RAJRANI SINGHAL,BEAWAR vs. DEPUTY COMMISSIONER OF INCOME TAX, AJMER

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

section 50C value) per sq. yard were calculated & allocated to each share holder being co - owner. (d)That A.O. merely on seized records has calculated the sale value ( 50C value) & has allocated this “SALE – VALUE” as “LONG TERM CAPITAL GAIN