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2 results for “capital gains”+ Section 271D(2)clear

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Jaipur15Hyderabad14Visakhapatnam12Delhi8Chennai7Kolkata6Ahmedabad5Bangalore5Indore4Agra3Nagpur2Surat2Pune2Rajkot1Cuttack1Chandigarh1Mumbai1Patna1

Key Topics

Section 269S8Section 271D5Section 2502Section 1472Penalty2

NEELAM JANARDHAN RACHALWAR,CHIMUR vs. ITO WARD-2, CHANDRAPUR, CHANDRAPUR

In the result, Assessee’s appeal is allowed

ITA 276/NAG/2025[2016-2017]Status: DisposedITAT Nagpur25 Jun 2025AY 2016-2017

Bench: Shri Narender Kumar Choudhryneelam Janardhan Ito, Ward-2, Chandrapur Rachalwar, Sai Mandir Road, Tilak Ward, Chimur, Vs. Chandrapur, Maharashtra Pan: Adqpr 7539 E (Appellant) (Respondent)

For Appellant: Ms. Shikha Loya, Ld. CAFor Respondent: Shri Surjit Kumar Saha, Ld. Sr. D.R
Section 147Section 148Section 250Section 269SSection 271D

271D of the Act. In addition to the above, the issue of capital gain arising out of sale of the above immovable property also needs to be covered”. 8. And therefore the Ld. AO, on the basis of the aforesaid information, reopened the case of the Assessee u/s 147 of the Act by recording the reasons for reopening and issuing

VIDYA PRAMOD PATIL,KHAMGAON vs. JCIT , AKOLA

In the result, appeal filed by the assessee is allowed

ITA 287/NAG/2024[2018-19]Status: HeardITAT Nagpur12 Dec 2024AY 2018-19

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

For Appellant: Shri Abhay AgrawalFor Respondent: Shri Abhay Y. Marathe
Section 250Section 269SSection 271D

capital gain tax also. The Assessing Officer, however, observed that the assessee had accepted cash of ` 8.50 lakh, which is above ` 20,000, which is in contravention of provisions under section 269SS of the Act, and accordingly proceeded to levy penalty under section 271D of the Act. 4. On appeal, the learned CIT(A) confirmed the order passed