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5 results for “house property”+ Section 55Aclear

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Key Topics

Section 16310Addition to Income4Section 54F3Section 543Section 1442Section 1602Section 1472Section 482Section 242Long Term Capital Gains

BHAGWAN SWAROOP AGARWAL,JAIPUR vs. ITO, JAIPUR

In the result, the appeal of the assessee is partly allowed

ITA 263/JPR/2014[2009-10]Status: DisposedITAT Jaipur31 Oct 2017AY 2009-10
For Appellant: Shri Rajeev Sogani (C.A.)For Respondent: Shri Punam Rai (D.CIT)
Section 24Section 48Section 54

55A(b)(ii) of the IT Act. The AO is not an expert of valuation and therefore, carrying out the valuation himself on the basis of vague presumption is not justified. Hence, the ld. AR has pleaded that when the 8 ITA 263/JP/14_ Sh. Bhagwan Swaroop Agarwal Vs. ITO assessee has submitted all the conclusive evidences and the action

LAL CHAND MEENA ,JAIPUR vs. ITO, WARD 7-3, JAIPUR

In the result, the appeal of the assessee is partly allowed

2
ITA 515/JPR/2015[2008-09]Status: DisposedITAT Jaipur27 Jun 2017AY 2008-09
For Appellant: Shri P.C. Parwal (CA)For Respondent: Shri Rajendra Singh (Addl.CIT)
Section 148Section 45(3)Section 50CSection 69C

55A can be invoked for the purpose of this chapter. On the other hand, where a transfer covered under section 45(3) is sought to be registered by the firm and stamp duty is paid by the parties then provisions of section 50C could still be invoked even that case may be covered under section 45(3). In our considered

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

ITA 475/JPR/2019[2008-09]Status: DisposedITAT Jaipur14 Jun 2021AY 2008-09
For Appellant: Shri Manish Agarwal (CA)For Respondent: Smt Monisha Choudhary (Jt.CIT)
Section 144Section 147Section 160Section 163

houses. 4. The property under consideration has 50% area under the industrial shed, the other 50% was still being used as residential.” From the above observations of the Valuation Officer, it is clear that he has clearly admitted the fact that a major portion of the subject property is being used for residential purposes. Also, he has not alleged that

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

ITA 558/JPR/2019[2008-09]Status: DisposedITAT Jaipur14 Jun 2021AY 2008-09
For Appellant: Shri Manish Agarwal (CA)For Respondent: Smt Monisha Choudhary (Jt.CIT)
Section 144Section 147Section 160Section 163

houses. 4. The property under consideration has 50% area under the industrial shed, the other 50% was still being used as residential.” From the above observations of the Valuation Officer, it is clear that he has clearly admitted the fact that a major portion of the subject property is being used for residential purposes. Also, he has not alleged that

SHRI NARESH JAIN,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3, JAIPUR

In the result, the appeal of the assessee is allowed

ITA 159/JPR/2019[2015-16]Status: DisposedITAT Jaipur11 Aug 2020AY 2015-16
For Appellant: Shri Vijay Goyal, CAFor Respondent: Shri K.C. Gupta, JCIT
Section 45Section 48Section 54F

house] (hereafter in this section referred to as the new asset), the capital gain shall be dealt with in accordance with the following provisions of this section, that is to say,— 3 ITA159/JP/2019 Shri Naresh Jain vs ACIT, Circle-3, Jaipur (a) if the cost of the new asset is not less than the net consideration in respect