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3 results for “capital gains”+ Section 5Oclear

Sorted by relevance

Indore5Mumbai3Hyderabad2Bangalore1Delhi1Jaipur1

Key Topics

Section 56(2)(x)4Section 143(3)3Section 562Section 322Section 40A(2)(b)2Depreciation2Disallowance2Addition to Income2Limitation/Time-bar2

SUPERIOR FINANCIAL CONSULTANCY SERVICES P.LTD,MUMBAI vs. ASST CIT CIR 1(3), MUMBAI

In the result, both the appeal of assessee and revenue are dismissed

ITA 3113/MUM/2015[2006-07]Status: DisposedITAT Mumbai30 May 2018AY 2006-07

Bench: Shri R.C.Sharma, Am & Shri Pawan Singh, Jm

Section 10(38)Section 111Section 143(3)

capital gains in the previous year, the appellant has taken the cost of acquisition at cost, in keeping the ratio of the decision of the Bombay High Court in the case of Jannhavi Investments Pvt. Ltd. In other words, the loss allowed in the earlier years, which would have been taxable as business profits, it the appellant had not converted

ASSISTANT COMMISSIONER OF INCOME TAX-4(1)(1), MUMBAI, MUMBAI vs. DELUXE RECYCLING INDIA PRIVATE LIMITED, MUMBAI

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

ITA 1969/MUM/2025[2020-21]Status: Disposed
ITAT Mumbai
22 Sept 2025
AY 2020-21

Bench: Shri Sandeep Gosain & Shri Girish Agrawalassessment Year: 2020-21 Assistant Commissioner Of Deluxe Recycling India Income Tax-4(1)(1), Private Limited Mumbai 13 17 Dady Sheth Agiary Vs. Lane, Kalbadevi Road, Kalbadevi, Mumbai-400002 (Pan: Aaacd8909N) (Appellant) (Respondent) Assessment Year: 2020-21 Deluxe Recycling India Private Assistant Commissioner Of Limited Income Tax-4(1)(1), 13 17 Dady Sheth Agiary Lane, Mumbai Vs. Kalbadevi Road, Kalbadevi, Mumbai-400002 (Pan: Aaacd8909N) (Appellant) (Respondent)

For Appellant: Shri Rahul Hakani, AdvocateFor Respondent: Shri Annavaram Kosuri, Sr. DR
Section 143(3)Section 32Section 40A(2)(b)Section 56Section 56(2)(x)

5o und not 10% he decision of Ld. CIT(A) is not acceptable. 2.1 Grounds taken by the assessee are reproduced as under: i. The Learned CIT Appeals erred in assessing the income at Rs 65,35,037/- instead of Rs 15,83,900/- as represented by the assessee. ii. The Learned CIT Appeals erred in disallowing depreciation

DELUXE RECYCLING INDIA PRIVATE LIMITED,MUMBAI vs. CIRCLE 4(1)(1), MUMBAI

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

ITA 2046/MUM/2025[2020-21]Status: DisposedITAT Mumbai22 Sept 2025AY 2020-21

Bench: Shri Sandeep Gosain & Shri Girish Agrawalassessment Year: 2020-21 Assistant Commissioner Of Deluxe Recycling India Income Tax-4(1)(1), Private Limited Mumbai 13 17 Dady Sheth Agiary Vs. Lane, Kalbadevi Road, Kalbadevi, Mumbai-400002 (Pan: Aaacd8909N) (Appellant) (Respondent) Assessment Year: 2020-21 Deluxe Recycling India Private Assistant Commissioner Of Limited Income Tax-4(1)(1), 13 17 Dady Sheth Agiary Lane, Mumbai Vs. Kalbadevi Road, Kalbadevi, Mumbai-400002 (Pan: Aaacd8909N) (Appellant) (Respondent)

For Appellant: Shri Rahul Hakani, AdvocateFor Respondent: Shri Annavaram Kosuri, Sr. DR
Section 143(3)Section 32Section 40A(2)(b)Section 56Section 56(2)(x)

5o und not 10% he decision of Ld. CIT(A) is not acceptable. 2.1 Grounds taken by the assessee are reproduced as under: i. The Learned CIT Appeals erred in assessing the income at Rs 65,35,037/- instead of Rs 15,83,900/- as represented by the assessee. ii. The Learned CIT Appeals erred in disallowing depreciation