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380 results for “capital gains”+ Undisclosed Incomeclear

Sorted by relevance

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Key Topics

Section 27491Section 271(1)(c)62Addition to Income61Section 6856Section 14753Section 143(3)50Section 14836Section 271A34Capital Gains32

ACIT, CENTRAL CIRCLE-2(1), KOLKATA, KOLKATA vs. HARISH BAGLA, KOLKATA

In the result, the I.T. Appeal in ITA No

ITA 2303/KOL/2016[2013-14]Status: DisposedITAT Kolkata01 Oct 2019AY 2013-14

Bench: Sri J. Sudhakar Reddy & Sri S.S. Godara) I.T.A. No. 2302/Kol/2016 Assessment Year: 2013-14 & I.T.A. No. 2303/Kol/2016 Assessment Year: 2013-14 Asstt. Commissioner Of Income Tax, Cc-2(1), Kolkata…………….................………..…….......Appellant Vs. Harish Bagla…………………………......................................................................................…………Respondent Jaisalmer Building 6, Ashoka Road Kolkata – 700 027 [Pan : Abppb 7430 D] Appearances By: Shri D.S. Damle, Fca & Shri Akkal Dudhewala, Fca, Appeared On Behalf Of The Assessee. Dr. P.K. Srihari, Cit, D/R Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : August 8Th, 2019 Date Of Pronouncing The Order : October 1St , 2019 Order Per J. Sudhakar Reddy, Am :-

Section 132Section 132(4)Section 143(3)Section 250Section 271A

capital gain and other sources. He filed his return of income for the Assessment Year on 30/07/2013 disclosing total income of Rs.10,25,32,950/-. Later the assessee filed a revised return of income on 26/05/2014 declaring total income of Rs.13,78,43,680/-. A search and seizure operation u/s 132 of the Act, was conducted in the residential/office premises

Showing 1–20 of 380 · Page 1 of 19

...
Section 1031
Long Term Capital Gains29
Disallowance26

ACIT, CENTRAL CIRCLE-2(1), KOLKATA, KOLKATA vs. HARISH BAGLA, KOLKATA

In the result, the I.T. Appeal in ITA No

ITA 2302/KOL/2016[2013-14]Status: DisposedITAT Kolkata01 Oct 2019AY 2013-14

Bench: Sri J. Sudhakar Reddy & Sri S.S. Godara) I.T.A. No. 2302/Kol/2016 Assessment Year: 2013-14 & I.T.A. No. 2303/Kol/2016 Assessment Year: 2013-14 Asstt. Commissioner Of Income Tax, Cc-2(1), Kolkata…………….................………..…….......Appellant Vs. Harish Bagla…………………………......................................................................................…………Respondent Jaisalmer Building 6, Ashoka Road Kolkata – 700 027 [Pan : Abppb 7430 D] Appearances By: Shri D.S. Damle, Fca & Shri Akkal Dudhewala, Fca, Appeared On Behalf Of The Assessee. Dr. P.K. Srihari, Cit, D/R Appearing On Behalf Of The Revenue. Date Of Concluding The Hearing : August 8Th, 2019 Date Of Pronouncing The Order : October 1St , 2019 Order Per J. Sudhakar Reddy, Am :-

Section 132Section 132(4)Section 143(3)Section 250Section 271A

capital gain and other sources. He filed his return of income for the Assessment Year on 30/07/2013 disclosing total income of Rs.10,25,32,950/-. Later the assessee filed a revised return of income on 26/05/2014 declaring total income of Rs.13,78,43,680/-. A search and seizure operation u/s 132 of the Act, was conducted in the residential/office premises

I.T.O WD - 44(4) ,KOLKATA, KOLKATA vs. SRI SAILESH JALAN, KOLKATA

In the result, appeal by the revenue is dismissed

ITA 1880/KOL/2012[2007-08]Status: DisposedITAT Kolkata02 Mar 2016AY 2007-08

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri M.Balaganesh, Am] Assessment Year : 2007-08

For Appellant: Sallong Yoden, JCIT, Sr.DRFor Respondent: Shri Mahendra Agarwala, FCA
Section 10(38)Section 142(1)

undisclosed sources which has already been decided 4 Sri Sailesh Jalan. A.Y.2007-08 by me in para 3.2 above to be from genuine share transactions. However, going into the merits of the arguments of the A.O. wherein he has held the Long Term Capital Gains and Short Term Capital Gains disclosed by the Appellant on the share transactions as business income

SURYA PRAKASH TOSHNIWAL HUF,KOLKATA vs. ITO, WD-41(3), KOLKATA, KOLKATA

In the result, assessee’s appeal stands allowed

ITA 1213/KOL/2016[2005-2006]Status: DisposedITAT Kolkata11 Jan 2017AY 2005-2006

Bench: Shri A.T.Varkey & Shri Waseem Ahmedassessment Year :2005-06 Surya Prakash Toshniwal V/S. Income Tax Officer, Huf, C/O. Narendra Goyal Ward-41(3), 3 & Co., 16, N.S. Road, 2Nd, Government Place, Floor, Kolkata-700 001 Kolkata-7001 [Pan No.Aaghs 7032 G] .. अपीलाथ" /Appellant ""यथ"/Respondent

Section 263Section 68

capital gain as business income in this regard it is pertinent to mention here that as per findings of the AO, the AO has never treated income of shares transactions as a business income rather than it has been treated as a income from undisclosed

SRI SUBRATA BANERJEE ,KOLKATA vs. ACIT, CIRCLE - 51(1) , KOLKATA

ITA 2275/KOL/2018[2014-15]Status: DisposedITAT Kolkata31 Dec 2018AY 2014-15

Bench: Shri S.S.Godara & Shri, M. Balaganesh

Section 143(3)Section 69C

undisclosed income in the garb of long term capital gain. " In this regard I may gainfully refer to the decision

ITO, WARD - 4(1), KOLKATA, KOLKATA vs. M/S. TRIBUTE TRADING AND FINANCE LTD.,, KOLKATA

ITA 1495/KOL/2017[2013-14]Status: DisposedITAT Kolkata31 Dec 2018AY 2013-14

Bench: Shri S.S.Godara & Shri, M. Balaganesh

Section 143(3)Section 69C

undisclosed income in the garb of long term capital gain. " In this regard I may gainfully refer to the decision

ITO, WARD - 4(1), KOLKATA, KOLKATA vs. M/S. TRIBUTE TRADING AND FINANCE LTD.,, KOLKATA

ITA 1496/KOL/2017[2014-15]Status: DisposedITAT Kolkata31 Dec 2018AY 2014-15

Bench: Shri S.S.Godara & Shri, M. Balaganesh

Section 143(3)Section 69C

undisclosed income in the garb of long term capital gain. " In this regard I may gainfully refer to the decision

SRI BIJAY SHANKAR HALWASIYA,KOLKATA vs. ITO, WARD 44(4)/ KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

ITA 2353/KOL/2016[2007-08]Status: DisposedITAT Kolkata05 Dec 2018AY 2007-08

Bench: Hon’Ble Shri S.S.Godara, Jm & Hon’Ble Shri M.Balaganesh, Am] I.T.A No. 2353/Kol/2016 & I.T.A. No. 910/Kol/2018 Assessment Years : 2007-08 & 2009-10 Shri Bijay Shankar Halwasiya -Vs- Ito, Ward-44(4) , Kolkata [Pan: Aaqph 4752 A] (Appellant) (Respondent)

For Appellant: Shri S.M. Surana, AdvocateFor Respondent: Shri Saurabh Kumar, Addl. CIT Sr. DR
Section 143(1)Section 147Section 148

capital gains on transfer of land by the assessee to the developer, in the facts and circumstances of the case. 13. The brief facts of this issue are that the assessee entered into a development agreement dated 13.9.2006 with Kokra Developers Pvt Ltd for construction of multi storied building on assessse’s ancestral land. It was agreed that assessee

SRI BIJAY SHANKAR HALWASIYA,KOLKATA vs. ITO, WARD - 44(4), KOLKATA, KOLKATA

In the result, the appeal of the assessee in ITA No

ITA 910/KOL/2018[2009-10]Status: DisposedITAT Kolkata05 Dec 2018AY 2009-10

Bench: Hon’Ble Shri S.S.Godara, Jm & Hon’Ble Shri M.Balaganesh, Am] I.T.A No. 2353/Kol/2016 & I.T.A. No. 910/Kol/2018 Assessment Years : 2007-08 & 2009-10 Shri Bijay Shankar Halwasiya -Vs- Ito, Ward-44(4) , Kolkata [Pan: Aaqph 4752 A] (Appellant) (Respondent)

For Appellant: Shri S.M. Surana, AdvocateFor Respondent: Shri Saurabh Kumar, Addl. CIT Sr. DR
Section 143(1)Section 147Section 148

capital gains on transfer of land by the assessee to the developer, in the facts and circumstances of the case. 13. The brief facts of this issue are that the assessee entered into a development agreement dated 13.9.2006 with Kokra Developers Pvt Ltd for construction of multi storied building on assessse’s ancestral land. It was agreed that assessee

SOUMITRA CHOUDHURY ,KOLKATA vs. ACIT, CIRCLE - 22 , KOLKATA

ITA 256/KOL/2019[2012-13]Status: DisposedITAT Kolkata15 Mar 2019AY 2012-13

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Years :2012-13 Soumitra Choudhury V/S. Acit, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [Pan No.Acnpc 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date Of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/S. Income Tax Officer, C/O Balaji Enterprises, Ward-35(1), Aayakar 83/85 N.S. Road, Ground Bhawan Porva, 110, Floor, Kolkata Shantipally, Kokata- [Pan No.Actpa 9138 Q] 107 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Subash Agarwal Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 14-03-2019 सुनवाई क" तार"ख/Date Of Hearing 15-03-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- These Two Assessees Have Filed Their Instant Appeal(S) For Assessment Year(S) 2012-13 & 2015-16 Against The Commissioner Of Income Tax

Section 10(38)Section 131Section 133(6)Section 143(3)Section 148Section 68

undisclosed income as Long term Capital gain. Applying the aforesaid ratio, I conclude that the appellant had indulged in a dubious

PURUSHOTTAM DAS AGARWAL ,KOLKATA vs. ITO, WARD - 35(1) , KOLKATA

ITA 2421/KOL/2018[2015-16]Status: DisposedITAT Kolkata15 Mar 2019AY 2015-16

Bench: Shri S.S.Godara & Dr. A.L. Sainiassessment Years :2012-13 Soumitra Choudhury V/S. Acit, Circle-12 28C, Satish Mukherjee 54/1, Rafi Ahmed Road, Kolkata-700026 Kidwai Road, [Pan No.Acnpc 4627 Q] Kolkarta-16 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Miraj D Shah, Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 13-03-2019 सुनवाई क" तार"ख/Date Of Hearing Assessment Year :2015-16 Purushottam Das Agarwal V/S. Income Tax Officer, C/O Balaji Enterprises, Ward-35(1), Aayakar 83/85 N.S. Road, Ground Bhawan Porva, 110, Floor, Kolkata Shantipally, Kokata- [Pan No.Actpa 9138 Q] 107 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Subash Agarwal Advocate अपीलाथ" क" ओर से/By Appellant Shri Sankar Halder, Jcit-Sr-Dr ""यथ" क" ओर से/By Respondent 14-03-2019 सुनवाई क" तार"ख/Date Of Hearing 15-03-2019 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per S.S.Godara:- These Two Assessees Have Filed Their Instant Appeal(S) For Assessment Year(S) 2012-13 & 2015-16 Against The Commissioner Of Income Tax

Section 10(38)Section 131Section 133(6)Section 143(3)Section 148Section 68

undisclosed income as Long term Capital gain. Applying the aforesaid ratio, I conclude that the appellant had indulged in a dubious

M/S. GATEWAY FINANCIAL SERVICES LTD., ,KOLKATA vs. ACIT, CC - 3(1), KOLKATA , KOLKATA

In the result, all the appeals of the assessee(s) are allowed as per the terms indicated hereinabove

ITA 982/KOL/2018[2014-15]Status: DisposedITAT Kolkata14 Jul 2023AY 2014-15

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 143(2)Section 250

undisclosed income in the garb of long term capital gain. The gain has accordingly to be assessed as undisclosed credit

PRATIK AGARWAL BENEFICIARY TRUST ,KOLKATA vs. ACIT, C.C.-3(1), , KOLKATA

In the result, all the appeals of the assessee(s) are allowed as per the terms indicated hereinabove

ITA 2068/KOL/2018[2014-15]Status: DisposedITAT Kolkata14 Jul 2023AY 2014-15

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 143(2)Section 250

undisclosed income in the garb of long term capital gain. The gain has accordingly to be assessed as undisclosed credit

PINKY AGARWAL ,KOLKATA vs. ACIT, CC-3(1), KOLKATA , KOLKATA

In the result, all the appeals of the assessee(s) are allowed as per the terms indicated hereinabove

ITA 984/KOL/2018[2014-15]Status: DisposedITAT Kolkata14 Jul 2023AY 2014-15

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 143(2)Section 250

undisclosed income in the garb of long term capital gain. The gain has accordingly to be assessed as undisclosed credit

M/S. NISHIT AGARWAL BENEFICIARY TRUST ,KOLKATA vs. ACIT, CC - 3(1), KOLKATA , KOLKATA

In the result, all the appeals of the assessee(s) are allowed as per the terms indicated hereinabove

ITA 983/KOL/2018[2014-15]Status: DisposedITAT Kolkata14 Jul 2023AY 2014-15

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 143(2)Section 250

undisclosed income in the garb of long term capital gain. The gain has accordingly to be assessed as undisclosed credit

CHAINROOP BOHRA.,KOLKATA vs. DCIT CC - XXVII/CAL., KOLKATA

In the result, all these four appeals of the assessees are allowed

ITA 24/KOL/2013[2005-06]Status: DisposedITAT Kolkata09 Oct 2015AY 2005-06

Bench: Shri P.M. Jagtap & Shri S.S. Viswanethra Ravi

Section 131Section 132Section 132(4)Section 143(1)Section 148

undisclosed income of Rs.65,00,000/- was surrendered by it on account of receipt of commission for raising bogus long-term capital gain

ACIT, CIR-4, KOLKATA, KOLKATA vs. M/S R. K. COMMERCIAL LTD., KOLKATA

In the result, the appeal of the Revenue is dismissed

ITA 1330/KOL/2014[2007-2008]Status: DisposedITAT Kolkata04 Jun 2019AY 2007-2008

Bench: Shri A.T.Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1330/Kol/2014 ("नधा"रणवष" / Assessment Year:2007-08)

For Appellant: Shri A. K. Nayak, CIT DRFor Respondent: Shri J.P. Khaitan, Advocate & Shri Sujoy Sen, Advocate
Section 133(6)Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 68

capital gain for Rs.14,46,529.00 which was claimed as exempted income under section 10(38) of the M/s R.K. Commercial Ltd. Assessment Year:2007-08 Act. However, the assessing officer treated the same as income from other sources by holding such income as bogus and from undisclosed

NAVIN KUMAR KAJARIA,KOLKATA vs. ACIT, CIRCLE - 35, KOLKATA , KOLKATA

ITA 1254/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri S.S, Godara

Section 143(3)Section 68

undisclosed Income In the garb of long term capital gain. The gain has accordingly to be assessed as undisclosed credit

SMT. SUSHILA DEVI KAJARIA,KOLKATA vs. ACIT, CIRCLE - 36, KOLKATA , KOLKATA

ITA 1255/KOL/2018[2014-15]Status: DisposedITAT Kolkata03 Apr 2019AY 2014-15

Bench: Shri S.S, Godara

Section 143(3)Section 68

undisclosed Income In the garb of long term capital gain. The gain has accordingly to be assessed as undisclosed credit

SHRI PANKAJ JALAN,KOLKATA vs. DCIT, CC-4(2), KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 1923/KOL/2016[2013-14]Status: DisposedITAT Kolkata23 May 2018AY 2013-14

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 1923/Kol/2016 Assessment Year : 2013-14 Pankaj Jalan -Vs- Dcit, Cc-4(2), Kolkata [Pan: Actpj 8249 B] (Appellant) (Respondent)

For Appellant: Shri M. Satnaliwala, FCAFor Respondent: Shri Saurabh Kumar, Addl. CIT Sr. DR
Section 132Section 132(4)Section 143(3)Section 271A

capital gains , income from house property and income from other sources. In the penalty order, the ld AO notes that during the course of post search operation, the assessee admitted an undisclosed