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5 results for “disallowance”+ Section 54Bclear

Sorted by relevance

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Key Topics

Section 26013Section 54F4Section 1484Section 153A3Section 260A2Section 153D2Section 143(3)2Capital Gains2

GOPAL S. PANDIT vs. THE COMMISSIONER OF INCOME TAX

ITA/34/2017HC Karnataka25 Jun 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 143(3)Section 153ASection 153DSection 260Section 54B

Disallowance of exemption claimed u/s 54B of the I.T.Act. 5.9.2. In the return of income filed, the assessee computed the short term capital gain of Rs.11,97,996/- from sale of Adyar Property treating the same as capital asset and claimed exemption u/s 54B of the I.T.Act. The assessee also in his letter dated 03.05.2010 pleaded that he is eligible

THE PR. COMMISSIONER OF INCOME TAX vs. MRS. VANAJA MATTHEN

The appeal is dismissed

ITA/456/2017
HC Karnataka
30 Oct 2018

Bench: This Court, Questioning The Order Dated 25.01.2017 In

Section 260ASection 54F

disallowed deduction under Section 54F of the Income-Tax Act, 1961 (‘the Act’ for short) on the ground that the assessee purchased the property vide sale deeds dated 10.09.2008 and 20.11.2008, however, the construction of the flats have not been completed when the purchase was made under the said sale deeds. Further, it observed that the construction was completed

M/S NANDI STEELS LIMITED vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

In the result, the findings

ITA/103/2012HC Karnataka23 Feb 2021

Bench: ALOK ARADHE,R. NATARAJ

Section 143(1)Section 143(3)Section 147Section 148Section 260Section 260ASection 6

disallowed the claim of set off of brought forward loss. It is also pointed out that proviso to Section 72(i) was omitted by Finance act, 1999 with effect from 01.04.2000 and for the impugned assessment year 2003-04, the assessee was not required to carry on the business for the purpose of set off of brought forward business loss

M/S WIPRO LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME TAX

The appeals stand disposed of, accordingly

ITA/881/2008HC Karnataka25 Mar 2015

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 260

Section 145A of the Income- tax Act which was inserted with effect from assessment year 1999-2000. The said provision states that the valuation of stock should include the amount of any tax duty, cess or fee - 94 - actually paid or incurred to bring the goods to its present location and condition. The Department has followed a consistent stand

THE COMMISSIONER OF INCOME TAX vs. M/S WIPRO LTD

The appeals stand disposed of, accordingly

ITA/211/2009HC Karnataka25 Mar 2015

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 260

Section 145A of the Income- tax Act which was inserted with effect from assessment year 1999-2000. The said provision states that the valuation of stock should include the amount of any tax duty, cess or fee - 94 - actually paid or incurred to bring the goods to its present location and condition. The Department has followed a consistent stand