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2 results for “capital gains”+ Section 87Aclear

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Key Topics

Section 452Capital Gains2Long Term Capital Gains2Addition to Income2

THE BOMBAY DYEING & MFG. CO. LTD. ,MUMBAI vs. DCIT, CIRCLE - 2(1) , MUMBAI

In the result, grounds raised in the above appeals are allowed

ITA 2741/MUM/2019[2010-11]Status: DisposedITAT Mumbai04 Aug 2023AY 2010-11

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms Kavitha Rajagopal, Hon'Ble & M/S. The Bombay Dyeing & Mfg. Co. Ltd., V. Addl. Cit/ Dcit Neville House, J.N. Heredia Marg, Range/Circle – 2(1) Ballard Estate, Mumbai – 400 001 Room No. 561, 5Th Floor Aayakar Bhavan, M.K. Road Pan: Aaact2328K Mumbai - 400020

Section 45

capital gains (LTCG) at Rs. 205,75,42,553/- 7.2 The impugned LTCG has been worked out on the basis of a valuation report from an independent registered valuer (refer page 84-87A of the FPB). 7.3 The FMV as at 01.04.1981 has been arrived at by the valuer considering the rate of Rs.293/-psf equivalent

M/S THE BOMBAY DYEING & MFG. CO. LTD,MUMBAI vs. ASST CIT CIRCLE- 2 (1)(1), MUMBAI

In the result, grounds raised in the above appeals are allowed

ITA 335/MUM/2020[2009-10]Status: DisposedITAT Mumbai
04 Aug 2023
AY 2009-10

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms Kavitha Rajagopal, Hon'Ble & M/S. The Bombay Dyeing & Mfg. Co. Ltd., V. Addl. Cit/ Dcit Neville House, J.N. Heredia Marg, Range/Circle – 2(1) Ballard Estate, Mumbai – 400 001 Room No. 561, 5Th Floor Aayakar Bhavan, M.K. Road Pan: Aaact2328K Mumbai - 400020

Section 45

capital gains (LTCG) at Rs. 205,75,42,553/- 7.2 The impugned LTCG has been worked out on the basis of a valuation report from an independent registered valuer (refer page 84-87A of the FPB). 7.3 The FMV as at 01.04.1981 has been arrived at by the valuer considering the rate of Rs.293/-psf equivalent