SMT Y MANJULA REDDY vs. THE INCOME TAX OFFICER

In the result, the appeal is disposed of

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

house property. It is also urged that the property purchased jointly with her husband on 24.02.2007 cannot be considered as compliance of Section 54F

THE PR.COMMISSIONER OF INCOME TAX,CIT (A) vs. SHRI J KRISHNA PALEMAR

Appeal is allowed;

Bench: P.S.DINESH KUMAR,RAMACHANDRA D. HUDDAR

section 54F of the Act by holding that out of five properties held by assessee, three properties cannot be considered as residential properties and as for remaining two properties are concerned, remanded the matter to CIT(A) for fresh decision ignoring that assessee held more than one house

PROF. P.N. SHETTY vs. OFFICE OF THE INCOME TAX OFFICER

Bench: The

property held by him and out of the sale consideration received by him, he deposited a sum of Rs.1,15,00,000/- in the Capital Gain Account Scheme, 1988. A return of income for the assessment year 2013-14 was filed on 14th July, 2013 by claiming exemption under Section 54F of the said Act. 3. The appellant purchased

MR.M.GEORGE JOSEPH vs. DY.COMMISSIONER OF INCOMET TAX OFFICER

In the result, order of the

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

Section 54F of the Act to the extent of Rs.88,98,970/- on account of acquisition of a new residential house property

THE COMMISSIONER OF INCOME TAX vs. SHRI. HOSAGRAHAR

Appeal stands dismissed

Bench: SATISH CHANDRA SHARMA,SURAJ GOVINDARAJ

property, for which investment is made needs to be situated in India for the purpose of claiming exemption under Section 54F from Assessment year 2015-16 only and not prior to that period. In the instant case, the investment in a residential house

COMMISSIONER OF INCOME TAX vs. SHRI. GREGORY MATHIAS

Bench: S.N.SATYANARAYANA,JAYANT PATEL

Section 54F when the fact that the assessee owns seven flats on which income from House Property has been offered

THE PR. COMMISSIONER OF INCOME-TAX vs. SMT HEMA KRISHNAMURTHY

In the result, we do not find any merit in this

Bench: ALOK ARADHE,ASHOK S.KINAGI

house property at the time of transfer of the properties giving rise to capital gains and claimed exemption under Section 54F

M/S MYPOL POLYMERS TECHNOLOGIES PRIVATE

In the result, we do not find any merit in this

Bench: L.NARAYANA SWAMY

house property at the time of transfer of the properties giving rise to capital gains and claimed exemption under Section 54F

COMMISSIONER OF vs. MR VINAY MISHRA

In the result, the appeal fails and the same is

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 54F of the Income Tax Act in respect of investment made in the house property in USA? 3 2. Facts

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

The appeal is dismissed

Bench: This Court, Questioning The Order Dated 25.01.2017 In

property. Otherwise, if the date of inheritance is taken into consideration, then the cost of acquisition of the asset on that date corresponding to the market value is to be taken into consideration. Otherwise, take the cost of acquisition on the day the previous owner acquired it and apply the “Indexed Cost of Acquisition” and then calculate the capital gains

SRI ABDUL GAFFAR S/O SRI ABDUL RAHIM vs. THE INCOME-TAX OFFICER

The appeal is dismissed

Bench: B.MANOHAR,K.SREEDHAR RAO

house property”, other than the new asset. 6. The provision of Section 54F of the Act makes it explicit that

MRS RAHANA SIRAJ vs. THE COMMISSIONER OF INCOME TAX - I

Appeal is allowed in part

Bench: B.VEERAPPA,N.KUMAR

house habitable is entitled to benefit under Section 54F of the Income-tax Act, 1961, but not any additions made to the newly acquired building. 2. The assessee is an individual. Assessee was the owner of immovable property

PR. COMMISSIONER OF INCOME TAX vs. SHRI R SRINIVAS

Bench: S.SUJATHA,VINEET SARAN

Section 54F of the Income Tax Act, 1961(for short ‘the Act’). It is not disputed that after selling the property, within three years, the entire sale amount had been utilized for purchase of land and construction of residential house

PRINCIPLE COMMISSIONER OF INCOME TAX vs. SRI T V VENUGOPAL

Bench: JAYANT PATEL,B.SREENIVASE GOWDA

Sections 54 and 54F of the Act, then the Assessing Officer shall grant the exemption.” 4. The aforesaid shows that the Tribunal after considering the respective case of the assessee has found that the income derived by the assessee from the flat was treated as income from house property

PRINCIPLE COMMISSIONER OF INCOME TAX vs. SRI T V VENUGOPAL

Bench: JAYANT PATEL,B.SREENIVASE GOWDA

Sections 54 and 54F of the Act, then the Assessing Officer shall grant the exemption.” 4. The aforesaid shows that the Tribunal after considering the respective case of the assessee has found that the income derived by the assessee from the flat was treated as income from house property

PRINCIPLE COMMISSIONER OF INCOME TAX vs. SRI T V VENUGOPAL

Bench: JAYANT PATEL,B.SREENIVASE GOWDA

Sections 54 and 54F of the Act, then the Assessing Officer shall grant the exemption.” 4. The aforesaid shows that the Tribunal after considering the respective case of the assessee has found that the income derived by the assessee from the flat was treated as income from house property

THE COMMISSILONER OF INCOME TAX vs. DR R BALAJI

Accordingly, dismissed. In view of the appeal being dismissed,

Bench: N.KUMAR,RATHNAKALA

Section 54F of the Act. Aggrieved by the said order, the assessee preferred an appeal to the Commissioner of Income Tax (Appeals)-II, Bangalore, who dismissed the appeal by order dated 01.12.2011. Aggrieved by the said order, the assessee preferred an appeal to the Tribunal. The Tribunal, on re- appreciation of the entire material on record held, the sale deed

ZAMEER MIRJA vs. THE JOINT COMMISSIONER OF INCOME TAX

Bench: B.MANOHAR,K.SREEDHAR RAO

house in the assessing year 1996-1997 and the net capital gain from the same is Rs.1,38,17,596/-. The assessee had entered into an agreement with one Sri.Surat Prasad for the purchase of property at Koramangala and had paid a sum of Rs.20,00,000/- as advance. From out of the sale realisation of the property sold