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4 results for “capital gains”+ Section 14A(2)clear

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Mumbai1,947Delhi962Kolkata488Chennai468Ahmedabad356Bangalore267Karnataka126Pune115Jaipur83Chandigarh63Agra59Hyderabad51Raipur49Visakhapatnam42Cochin41Indore36Cuttack34Surat18Lucknow18Guwahati17Rajkot16Amritsar12Panaji10Calcutta10Telangana6Ranchi5Orissa5Nagpur4Jabalpur2SC1Punjab & Haryana1Jodhpur1

Key Topics

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

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

2
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

Section 14A(2) was to proceed further to collect material or evidence to determine expenditure, if any, incurred by assessee-But AO instead, relying on Rule 8D applied a formula applicable to assessee who has incurred expenditure by way of interest which is not directly attributable to any particular income or receipt which was not case of present assessee-Tribunal

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

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

2. In this case, the case of the Assessee was reopened u/sec. 147 of the Act by issuing notice dated 26/03/2013 u/sec. 148 of the Act mainly on the reason that Assessee had received share application money of Rs. 30 Lac from following three Mumbai based entities: (i) Umang Travel & Trade Link Pvt. Ltd. (ii) Sikha Finacne & Leasing