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4 results for “capital gains”+ Section 14Aclear

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Key Topics

Section 14A6Section 684Section 10(38)4Addition to Income4Section 1472Capital Gains2Long Term Capital Gains2Bogus/Accommodation Entry2Penny Stock2

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

ITA 410/NAG/2019[2014-15]Status: DisposedITAT Nagpur25 Feb 2025AY 2014-15

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Sandipkumar Salunke
Section 10(38)Section 68

capital gain and to avoid paying the taxes, which is not related in the case of the assessee. The Assessing Officer relied on statement recorded behind the back of the assessee and no opportunity to cross examine has been granted to the assessee. The Assessing Officer has not accepted the contention of the assessee and made addition under section

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

In the result, appeal of the Revenue stands dismissed

Exemption2
Business Income2
Disallowance2
ITA 411/NAG/2019[2015-16]Status: Disposed
ITAT Nagpur
25 Feb 2025
AY 2015-16

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Sandipkumar Salunke
Section 10(38)Section 68

Capital Gain is Bogus in nature. xi) On the facts and circumstances of the case & in law, the Ld. CIT(A) failed to appreciate that the onus was on the assessee produce the parties to prove the bonafide of the sale of the share and sale proceeds received. xii) On the facts and circumstances of the case

M/S SHREE STEEL CQASTINGS PVT. LTD ,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -1, NAGPUR

In the result, Assessee’s appeal is partly allowed

ITA 112/NAG/2020[2006-07]Status: DisposedITAT Nagpur26 Jun 2025AY 2006-07

Bench: Shri Narender Kumar Choudhrym/S. Shree Steel Castings Dcit, Circle-1, Nagpur Pvt. Ltd., T/38/1, Midc, Vs. Hingna Road, Nagpur. Pan: Aaccs 4071 J (Appellant) (Respondent)

For Appellant: Shri Kapil Hirani &For Respondent: Shri Surjit Kumar Saha, Ld. Sr.D.R
Section 133(6)Section 142Section 142(1)Section 147Section 148Section 14ASection 250

section 14A of the Act. 6. The Assessee by drawing attention of this Court to notice dated 24/11/2008 u/sec. 142(1) of the Act (page No.69 of paper book) issued in original assessment proceedings, has demonstrated the fact that in the said notice, the AO specifically asked the names and holding of shareholders of M/s. Shree Virangana Steel Ltd., names

SHRI PADMESH GUPTA,NAGPUR vs. ACITCENTRAL-CIRCLE-2(3), NAGPUR

In the result, assessee’s appeal is allowed

ITA 455/NAG/2013[2005-06]Status: DisposedITAT Nagpur09 May 2018AY 2005-06

Bench: Shri Shamim Yahya & Shri Ram Lal Negi

For Appellant: Shri Rajesh LoyhaFor Respondent: Shri R.K. Baral
Section 14A

Section 14A and making disallowance of expenses of Rs.4,26,086/- in nature of interest on loan, deprecation on fixed assets, vehicle insurance and professional expenses incurred during the course of carrying out business operations of the partnership concerns of the assessee for earning taxable business income and the learned CIT(A) further erred in confirming the action