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10 results for “capital gains”+ Section 158clear

Sorted by relevance

Delhi691Mumbai645Chennai150Ahmedabad137Karnataka124Bangalore120Kolkata99Jaipur98Chandigarh76Cochin73Raipur47Hyderabad44Indore24Pune24Lucknow20Calcutta18Cuttack18Surat15Panaji14Nagpur10SC9Jodhpur6Amritsar5Telangana5Visakhapatnam4Rajasthan4Agra4Allahabad1Rajkot1Jabalpur1Andhra Pradesh1Punjab & Haryana1Patna1

Key Topics

Section 54F8Addition to Income8Section 271(1)(c)7Section 547Section 1456Section 142A6Section 683Section 143(3)2Penalty2Exemption

SANJAY GULABCHAND GUPTA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-4, NAGPUR

In the result, appeal by the assessee stands dismissed

ITA 210/NAG/2023[2017-18]Status: DisposedITAT Nagpur14 Feb 2025AY 2017-18

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

For Appellant: Smt. Veena AgrawalFor Respondent: Shri Abhay Y. Marathe
Section 143(2)Section 54Section 54F

Capital gain but remaining in the time frame stipulated in Section 54F, deduction u/s 54F cannot be denied. Further the thurst of section is on investment of net consideration received on sale of original asset and start construction of a new residential house. It is on record and admitted fact that construction started in Asst Year 2015-16 and culminated

SHRI PRAVEEN MANOHAR GHODKHANDE,,NAGPUR vs. ITO, WARD- 1(2),, NAGPUR

2
Deduction2

Appeal is allowed

ITA 124/NAG/2017[2008-09]Status: HeardITAT Nagpur16 Nov 2022AY 2008-09

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: For Revenue : Shri G.J. NinaweFor Respondent: Shri G.J. Ninawe
Section 2Section 271Section 271(1)(c)Section 54

capital gains for the purpose of claiming Section 54 deduction since plot in issue was found to be a vacant one only. We find no merit in the Revenue’s vehement contentions supporting the impugned penalty. It is an admitted fact that the assessee’s plot formed part of a group housing society’s lay-out plan which ultimately

RAVINDRA MADANLAL KHANDELWAL,AKOLA vs. DCIT/ACIT CIRCLE , AKOLA

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 375/NAG/2024[2018-19]Status: DisposedITAT Nagpur18 Nov 2024AY 2018-19

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

For Appellant: Shri Mahavir AtalFor Respondent: Shri Sandipkumar Salunke
Section 142(1)Section 143Section 144BSection 68

gain. Therefore such an advance was clearly given by the assessee for the purpose of commercial expediency. • 4.4 As far as interest expenses vis-a- vis section 57 is concerned. The assessee wishes to submit that, the section 57(iii), lays down 17 Ravindra Madanlal Khandelwal ITA no.375/Nag./2024 following conditions for claim of expenditure. o The expenditure must have

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR vs. M/S. RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

ITA 140/NAG/2021[2018-19]Status: DisposedITAT Nagpur29 Jul 2024AY 2018-19

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

Section 142ASection 145

158,33,78,983/- 8.3 The appellant submitted that it has through confirmation of accounts, bank statements and audited financial statements justified the transaction of granting of loans by the Lenders. The appellant has thus sufficiently proved the identity, genuineness and creditworthiness of the Lenders and has sufficiently discharged its onus cast upon it in light of provisions of section

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR vs. M/S. RADHA MADHAV DEVELOPER , NAGPUR

In the result, all the six appeals preferred by the department are dismissed

ITA 47/NAG/2021[2011-12]Status: DisposedITAT Nagpur29 Jul 2024AY 2011-12

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

Section 142ASection 145

158,33,78,983/- 8.3 The appellant submitted that it has through confirmation of accounts, bank statements and audited financial statements justified the transaction of granting of loans by the Lenders. The appellant has thus sufficiently proved the identity, genuineness and creditworthiness of the Lenders and has sufficiently discharged its onus cast upon it in light of provisions of section

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1),NAGPUR, NAGPUR vs. M/S. RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

ITA 48/NAG/2021[2012-13]Status: DisposedITAT Nagpur29 Jul 2024AY 2012-13

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

Section 142ASection 145

158,33,78,983/- 8.3 The appellant submitted that it has through confirmation of accounts, bank statements and audited financial statements justified the transaction of granting of loans by the Lenders. The appellant has thus sufficiently proved the identity, genuineness and creditworthiness of the Lenders and has sufficiently discharged its onus cast upon it in light of provisions of section

ASSTT.COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), NAGPUR vs. M/S RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

ITA 26/NAG/2020[2014-15]Status: DisposedITAT Nagpur29 Jul 2024AY 2014-15

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

Section 142ASection 145

158,33,78,983/- 8.3 The appellant submitted that it has through confirmation of accounts, bank statements and audited financial statements justified the transaction of granting of loans by the Lenders. The appellant has thus sufficiently proved the identity, genuineness and creditworthiness of the Lenders and has sufficiently discharged its onus cast upon it in light of provisions of section

ASSTT.COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), NAGPUR vs. M/S RADHA MADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

ITA 27/NAG/2020[2015-16]Status: DisposedITAT Nagpur29 Jul 2024AY 2015-16

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

Section 142ASection 145

158,33,78,983/- 8.3 The appellant submitted that it has through confirmation of accounts, bank statements and audited financial statements justified the transaction of granting of loans by the Lenders. The appellant has thus sufficiently proved the identity, genuineness and creditworthiness of the Lenders and has sufficiently discharged its onus cast upon it in light of provisions of section

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), NAGPUR vs. M/S. RADHA RADHAV DEVELOPER, NAGPUR

In the result, all the six appeals preferred by the department are dismissed

ITA 49/NAG/2021[2013-14]Status: DisposedITAT Nagpur29 Jul 2024AY 2013-14

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

Section 142ASection 145

158,33,78,983/- 8.3 The appellant submitted that it has through confirmation of accounts, bank statements and audited financial statements justified the transaction of granting of loans by the Lenders. The appellant has thus sufficiently proved the identity, genuineness and creditworthiness of the Lenders and has sufficiently discharged its onus cast upon it in light of provisions of section

DCIT CIRCLE-2, NAGPUR vs. M/S TRISTER RETAIL CONCEPTS PRIVATE LIMITED, NAGPUR

In the result, department’s appeal stands dismissed

ITA 319/NAG/2024[2015-16]Status: DisposedITAT Nagpur25 Feb 2025AY 2015-16

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

For Appellant: Shri Abhay AgrawalFor Respondent: Shri Sandipkumar Salunke
Section 139Section 143(3)Section 271(1)(c)

Gain from Business or profession income. Loss or profit on sale of depreciable fixed assets isn't considered in profit & Loss account. It is adjusted against the block of assets and subsequently, the WDV of complete block is reduced. The profit & Loss on sale of fixed assets shall be adjusted in the block of assets. As per Income