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10 results for “capital gains”+ Section 272A(2)(e)clear

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Chennai27Mumbai10Bangalore3Chandigarh3Jaipur3Agra3Ahmedabad3Delhi2Surat2Kolkata1Lucknow1Pune1

Key Topics

Section 143(3)15Section 272A(1)(d)9Section 2638Section 1478Section 688Section 10(38)7Addition to Income7Section 2506Section 41(1)6

ARHAM ANMOL PROJECTS PRIVATE LIMITED,VILLAGE VALSHIND, BHIWANDI vs. CIRCLE 1 KALYAN, KALYAN, THANE

In the result, the legal grounds challenging the validity of the assessment are dismissed

ITA 5011/MUM/2025[2019-20]Status: DisposedITAT Mumbai26 Mar 2026AY 2019-20

Bench: Shri Amit Shukla & Shri Makarand Vasant Mahadeokararham Anmol Projects Dcit Circle 1, Private Limited 2Nd Floor, Rani H. No. 1113, Ground Vs. Mansion, Murbad Floor, Arham Logiparc, Road, Kalyan Nh-3, Nashik Highway, (West), Thane, Village Valshind, Maharashtra – 421 Bhiwandi, Maharashtra – 301 421 302. Pan/Gir No. Aagca9644P (Applicant) (Respondent) Assessee By Shri Subhash Bains, Ld. Ar Revenue By Shri Surendra Mohan, Ld. Dr Date Of Hearing 28.01.2026 Date Of Pronouncement 26.03.2026

Section 144Section 144BSection 147Section 148Section 194CSection 194ISection 234FSection 250

Capital Gain, taking the cost of acquisition at Nil. (ii) Contract Receipts – Rs. 7,68,674/- The Assessing Officer noted contract receipts of Rs. 64,05,620/- on which tax was deducted at source under section 194C. As no explanation was furnished and it could not be verified whether the same was incorporated in the Profit and Loss account

Capital Gains6
Penalty5
Reassessment4

ADDL CIT R G 7(1), MUMBAI vs. NOVARTIS INDIA LTD ( FORMERLY KNOWN AS HINDUSTAN CIBA GIEGY LTD. ), MUMBAI

ITA 6772/MUM/2010[2002-03]Status: DisposedITAT Mumbai20 Mar 2024AY 2002-03

Bench: Shri Amit Shukla, Hon'Ble & Shri S. Rifaur Rahman, Hon'Blem/S. Novartis India Limited V. Asst. Commissioner Of Income –Tax - 7(2)(2) {Earlier Addl. Commissioner Of Income –Tax – 7(1)} 6Th& 7Th Floor 1St Floor, Aayakar Bhavan Inspire Bkc M.K. Road, Mumbai - 400020 “G” Block, Bkc Main Road Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Pan: Aaach2914F (Appellant) (Respondent) Addl. Commissioner Of Income –Tax – 7(1) V. M/S. Novartis India Limited Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent) Co No.190/Mum/2011 [Arising Out Of Ita No.6772/Mum/2010 (A.Y. 2002-03)] M/S. Novartis India Limited V. Addl. Commissioner Of Income –Tax – 7(1)} Room No. 622, Aayakar Bhavan {Earlier Known As Hindustan Ciba Giegy Ltd.,} Sandoz House, Dr. A.B. Road M.K. Road, Mumbai - 400020 Worli, Mumbai – 400018 Pan: Aaach2914F (Appellant) (Respondent)

Section 120(4)(b)Section 127Section 143(2)Section 143(3)Section 2

272A; or (d) an order passed by an Assessing Officer under sub-section (3), of section 143 or section 147or section 153A or section 153C in pursuance of the directions of the Dispute Resolution Panel or an order passed under section 154 in respect of such order; (e) an order passed by an Assessing Officer under sub-section

MANJU RAKESH JAIN,MUMBAI vs. PCIT, MUMBAI-20, MUMBAI

In the result, the appeal of the assessee is allowed

ITA 2280/MUM/2025[2020-2021]Status: DisposedITAT Mumbai31 Jul 2025AY 2020-2021

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail () Assessment Year: 2020-21 Manju Rakesh Jain, Pcit, Mumbai-20 704-A, Highland Park, Lokhanwala 418, 4Th Floor, Piramal Chambers, Vs. Complex, Andheri West, Lalbaug, Parel, Mumbai-400058. Mumbai-400012. Pan No. Aaepj 9613 N Appellant Respondent

For Appellant: Mr. Rajesh Kumar Yadav, CIT-DRFor Respondent: Mr. Rakesh Joshi, CA
Section 143(3)Section 144BSection 263Section 57

Gains' and 'Income from Other Sources'. The return was selected for scrutiny and the assessment was The return was selected for scrutiny and the assessment The return was selected for scrutiny and the assessment completed under Section 143(3) read with Section 144B of the completed under Section 143(3) read with Section 144B of the completed under Section

BAO VALUE FUND,MUMBAI vs. ACIT, INTERNATIONAL TAX, CIRCLE-1(2)(1), MUMBAI

The appeal of the assessee is allowed

ITA 947/MUM/2024[2018-19]Status: DisposedITAT Mumbai27 Feb 2025AY 2018-19

Bench: Shri Amit Shukla, Jm & Ms Padmavathy S, Am

For Appellant: Shri Vijay Mehta a/w TarangFor Respondent: Shri Krishna Kumar, Sr. DR
Section 10(38)Section 132Section 144CSection 147Section 68

E R Per Padmavathy S, AM: This appeal by the assessee is against the final order of assessment passed by the Assistant Commissioner of Income Tax (International), Circle-1(2)(1), Mumbai [for short 'the AO] dated 03.01.2024 for the AY 2018-19. The assessee raised the following concise grounds of appeal:- “1. On the facts and circumstances

LALITA BHARATKUMAR JAIN,MUMBAI vs. DCIT CIRCLE 20(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee is allowed for statistical purpose

ITA 6078/MUM/2025[2017-18]Status: DisposedITAT Mumbai27 Nov 2025AY 2017-18

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

For Appellant: Ms. Ridhisha Jain (virtually appeared)For Respondent: Shri Surendra Mohan (SR DR)
Section 10(38)Section 139(1)Section 143(3)Section 147Section 148Section 250Section 272A(1)(d)

E R Per Bench: This bunch of three appeals of the assessee were filed against the orders of the National Faceless Appeal Centre(NFAC), Delhi [hereinafter, ‘Ld.CIT(A)] passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’) for the Assessment Year 2017-18, date of order 27/02/2025 in respect of ITA 6129/Mum/2025; 11/07/2025 & 14/07/2025

LALITA BHARATKUMAR JAIN,MUMBAI vs. DCIT CIRCLE 20(1), MUMBAI, MUMBAI

In the result, the appeal of the assessee is allowed for statistical purpose

ITA 6077/MUM/2025[2017-18]Status: DisposedITAT Mumbai27 Nov 2025AY 2017-18

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

For Appellant: Ms. Ridhisha Jain (virtually appeared)For Respondent: Shri Surendra Mohan (SR DR)
Section 10(38)Section 139(1)Section 143(3)Section 147Section 148Section 250Section 272A(1)(d)

E R Per Bench: This bunch of three appeals of the assessee were filed against the orders of the National Faceless Appeal Centre(NFAC), Delhi [hereinafter, ‘Ld.CIT(A)] passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’) for the Assessment Year 2017-18, date of order 27/02/2025 in respect of ITA 6129/Mum/2025; 11/07/2025 & 14/07/2025

LALIT KUMAR MOHANLAL JAIN,MUMBAI vs. ITO WARD 20(2)(1), MUMBAI

In the result, the appeal of the assessee is allowed for statistical purpose

ITA 6129/MUM/2025[2017-18]Status: DisposedITAT Mumbai27 Nov 2025AY 2017-18

Bench: Shri Anikesh Banerjee & Shri Girish Agrawal

For Appellant: Ms. Ridhisha Jain (virtually appeared)For Respondent: Shri Surendra Mohan (SR DR)
Section 10(38)Section 139(1)Section 143(3)Section 147Section 148Section 250Section 272A(1)(d)

E R Per Bench: This bunch of three appeals of the assessee were filed against the orders of the National Faceless Appeal Centre(NFAC), Delhi [hereinafter, ‘Ld.CIT(A)] passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’) for the Assessment Year 2017-18, date of order 27/02/2025 in respect of ITA 6129/Mum/2025; 11/07/2025 & 14/07/2025

IMPRESARIO ENTERTAINMENT & HOSPITALITY PVT LTD,MUMBAI, INDIA vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX PCIT, MUMBAI-5, AYAKAR BHAVAN MUMBAI

In the result, appeal of the assessee is allowed

ITA 1926/MUM/2024[AY 2018-19]Status: DisposedITAT Mumbai29 Jul 2024
For Appellant: \nShri Rahul Hakani, A/RFor Respondent: Ms. Madhu Malati Ghosh, CIT, D/R
Section 143(3)Section 263

e-proceedings, along-with all\nsupporting documents and evidences. If you wish to avail personal hearing, you are\nrequested to attend the hearing on 31.01.2024 at 11.30 a.m. at Room No. 515, 5th Floor,\nAayakar Bhavan, Mumbai either in person or through an authorized representative.\ncase of non-compliance on the stipulated date and time, it will be presumed that

FARHAN ABDUL KADIR SAYED ,MUMBAI vs. NATIONAL FACELESS APPEAL CENTRE , DELHI

ITA 3135/MUM/2022[2017-2018]Status: DisposedITAT Mumbai24 Feb 2023AY 2017-2018

Bench: Shri Prashant Maharishi & Shri Kuldip Singhassessment Year: 2017-18

For Appellant: NoneFor Respondent: Shri Vranda U Matkarni, D.R
Section 115BSection 250Section 69A

E R Per : Kuldip Singh, Judicial Member: The appellant, Mr. Farhan Abdul Sayed (hereinafter referred to as ‘the assessee’) by filing the present appeal, sought to set aside the impugned order dated 13.09.2022 passed by the National Faceless Appeal Centre(NFAC) [Commissioner of Income Tax (Appeals), Delhi] (hereinafter referred to as CIT(A)] qua the assessment year

NITIN NARNHERAM PATEL,MUMBAI vs. CIT (A), NFAC, DELHI

Appeal of the assessee is allowed for statistical purposes

ITA 375/MUM/2023[2014-15]Status: DisposedITAT Mumbai15 May 2023AY 2014-15

Bench: Shri Kuldip Singh & Shri Gagan Goyalnitin Narbheram Patel Flat No.1702/1802, Wing-F, Pirojshah Nagar, Eastern Express Highway, Vikhroli (E) Mumbai-400 079 Pan: Aajpp4339A ...... Appellant Vs. Cit(A)/Nfac Mumbai- ..... Respondent

For Appellant: Shri Ajay R. SinghFor Respondent: Shri Chetan M. Kacha, Sr. AR
Section 133(6)Section 250Section 272ASection 41Section 41(1)

E) Mumbai-400 079 PAN: AAJPP4339A ...... Appellant Vs. CIT(A)/NFAC Mumbai- ..... Respondent Appellant by : Shri Ajay R. Singh Respondent by : Shri Chetan M. Kacha, Sr. AR Date of hearing : 10/04/2023 Date of pronouncement : 15/05/2023 ORDER PER GAGAN GOYAL, A.M: This appeal by assessee is directed against the order of National Faceless Appeal Centre, Delhi (for short ‘NFAC’) dated