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3 results for “capital gains”+ Section 194Cclear

Sorted by relevance

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Key Topics

Section 80I9Section 406Section 143(1)5Section 36(1)(iii)4Section 1432Section 194C2Addition to Income2Deduction2

DCIT-AKOLA-CIRCLE, ,, AKOLA vs. SHRI HARMITSINGH BHAGWANSINGH SETHI,, NAGPUR

In the result, Revenue’s appeal is dismissed

ITA 266/NAG/2014[2009-10]Status: DisposedITAT Nagpur29 Jun 2017AY 2009-10

Bench: Shri P.K. Bansal & Shri Amarjit Singh

For Appellant: Shri Sanjay ThakkarFor Respondent: Shri A.R. Ninawe
Section 143(3)Section 148Section 194CSection 80I

194C of the I.T. Act, is done by the MSEDCL in respect of the payments made to the assessee on whose behalf the assessee has executed the contracts and done the installation of the infrastructural facilities. 4 Shri Harmitsingh Bhagwansingh Sethi As per the explanation to Section 80IA inserted by Finance Act, 2007 and Finance, Act, 2009 with retrospective effect

M/S TAWARI TRADERS ,BULDHANA vs. INCOME TAX OFFICER WARD -2, KHAMGAON

In the result, appeal by the assessee stands dismissed

ITA 193/NAG/2019[2013-14]Status: DisposedITAT Nagpur04 Mar 2025AY 2013-14

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

For Appellant: Shri Rachit ThakkarFor Respondent: Shri Abhay Y. Marathe
Section 36Section 36(1)(iii)Section 40

capital of partner is interest bearing funds for the firm. 7.6 In conclusion, the AO erred in not considering that interest free advances were out of interest free loan availed by the appellant. Consequently, the interest of Rs.5,30,902 i.e., 15% of Rs.35,39,351 (interest free advances) deserves to be deleted from the total addition of Rs.9

RAGHAV AGRITECH,NAGPUR vs. ITO WARD 3(4), NAGPUR

In the result, appeal filed by the assessee is allowed

ITA 182/NAG/2024[2019-20]Status: DisposedITAT Nagpur18 Nov 2024AY 2019-20

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

For Appellant: NoneFor Respondent: Shri Vijay Agrawal
Section 139Section 143Section 143(1)Section 194CSection 1aSection 234ASection 40

capital expenditure provisions of sec. 40 are in the nature of overriding provisions - It starts with the words "notwithstanding anything contrary in sections 30 to 38", which shows that even if an expenditure or allowance comes within the purview in all the sections from 30 to 38 as well as sec. 40, the provisions of sec. 40 will prevail. This