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3 results for “capital gains”+ Section 92Bclear

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Key Topics

Section 50C3Section 2633Section 2602Section 260A2Section 143(2)2Section 144C2Addition to Income2

V.S. CHANDRASHEKAR vs. ASSISTANT COMMISSIONER OF INCOME TAX

In the result, the first substantial question of law is

ITA/70/2015HC Karnataka02 Feb 2021

Bench: ALOK ARADHE,R. NATARAJ

Section 133ASection 142(1)Section 143(2)Section 260Section 260ASection 50C

gains from business or profession? (iii) Whether on the facts and in the circumstances of the case, the Hon'ble ITAT was right in law in holding that provisions of Section 50C are applicable to the instant case of sale of subject land by the appellant? (iv) Whether on the facts and in the circumstances of the case

DEVAS MULTIMEDIA PRIVATE LIMITED vs. THE PRINCIPAL COMMISSIONER OF INCOME-TAX

WP/11618/2016HC Karnataka27 Sept 2019

Bench: The Hon’Ble Mr.Justice P.B. Bajanthri Writ Petition No.11618 Of 2016 (T-It) Between:

Section 142(4)Section 143(2)Section 143(3)Section 144Section 144CSection 263Section 92C

Gains chargeable to tax under Section 45 of the Act are, denied to be income. The amounts received on issue of share capital including the premium is undoubtedly on capital account. Share premium have been made taxable by a legal fiction under Section 56(2)(viib) of the Act and the same is enumerated as Income in Section

PR COMMISSIONER OF INCOME TAX-7 vs. M/S SAMI LABS

ITA/291/2017HC Karnataka16 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 260A

capital requirement of the latter and by getting the guarantee from the assessee, the AE not only in a position to avail institutional finance, but also relaxation in interest rate chargeable position to avail credit rating of the assessee?.” Date of Judgment 16-08-2018 I.T.A.No.291/2017 Pr. Commissioner of Income Tax-7 & Anr. Vs. M/s. Sami Labs 5/10