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12 results for “capital gains”+ Section 139(1)clear

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Key Topics

Section 143(3)20Section 14818Section 253(2)9Section 2509Section 143(1)9Section 139(1)9Section 246A9Reopening of Assessment9Section 2636Deduction

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHIT RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 253/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

3
Addition to Income2
Disallowance2

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHIT RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 254/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

THE INCOME TAX OFFICER, WARD - 3, MARGAO vs. SMT RAJANI RAMCHANDRA PAI PANANDIUKAAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 257/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

INCOME TAX OFFICER, WARD - 2, MARGAO vs. SHRI SHANU PAI PANANDIKAR (HUF), MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 286/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHAN RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 256/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

INCOME TAX OFFICER, WARD - 3, MARGAO vs. SHRI RAJ SHANU PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 287/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

INCOME TAX OFFICER, WARD - 2, MARGAO vs. SMT KUNDA SHANU PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 288/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHAN RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 255/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

INCOME TAX OFFICER, WARD - 2, MARGAO vs. SHRI SHANU PAI PANANDIKAR (HUF), MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 285/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

139(1) of the Act as the return in response to notice u/s 148 of the Act. Reasons of reopening sought vide letter dt. 12/04/2017 by the assessee was supplied and the objections raised thereagainst vide letter dt. 22/11/2017 was also disposed off by the Ld. AO vide separate order dt. 29/11/2017. The case of the assessee was then taken

GUALA CLOSURES (INDIA) PVT. LTD.,PANAJI vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, PANAJI., SELECT CITY

Appeal is dismissed in above terms

ITA 205/PAN/2019[2012-13]Status: DisposedITAT Panaji13 Oct 2023AY 2012-13

Bench: Shri Satbeer Singh Godara & Dr. Dipak Ripote

For Appellant: Shri Ketan VedFor Respondent: Shri P.S. Shivshankar, CIT-DR
Section 143(3)Section 144(3)Section 144CSection 253Section 263Section 4

capital or revenue. The 'once for all' payment test is also inconclusive. What is relevant is the purpose of the outlay and its intended object and effect, considered in a commonsense way having regard to the business realities." (p. 379) 8 ITA.No.205/PAN./2019 In the case of this assessee, it is found that the claim of expenses under

COMMUNIDADE OF CHICALIM,CHICALIM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 2(1), PANAJI

In the result, the appeal filed by the assesse is partly allowed

ITA 207/PAN/2024[2016-17]Status: DisposedITAT Panaji17 Mar 2026AY 2016-17

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. No.207/Pan/2024 (A.Y. 2016-17 ) Comunidade Of Chicalim, Vs Acit Circle 2(1), Ground Floor, St Xavier Aaykar Bhavan, . Church Building, Edc, Patto, Chicalim-403802, Panjim South Goa,Goa. Goa-403001. Pan .No. Aaaabc0196P (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent)

Section 139(5)Section 57Section 74

capital gains of Rs.1,65,74,350/-. The A.O find that the assessee could not carried forward the loss for eight assessment years immediately succeeding the A.Y.2007-08, and such loss can be set off till A.Y.2015-16. 3. The A.O dealt on the provisions of section 74 of the Act and the code of comunidades, and considered the details of carried

SHRI K.P. MAGENNAVAR LAXMI CREDIT SOUHARDA SAHAKARI SANGH LTD.MANJARI.,CHIKODI vs. INCOME TAX OFFICER, WARD-1, NIPPANI

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

ITA 33/PAN/2026[2015-2016]Status: DisposedITAT Panaji27 Feb 2026AY 2015-2016

Bench: Shri Pavan Kumar Gadalei T A. No.33/Pan/2026 (A.Y. 2015-16 ) Shri K.P.Magennavar Laxmi Vs I.T.O-Ward-1, Credit Souharda Sahakari Nemchand Building, . Sangh Limited, 747,Ashoknagar, 521,Laxmibuilding,Mainroad, Nipani-591237, Manjari, Chikodi, Karnataka. Belagavi-591213, Karnataka. Pan .No. Aabas3175N (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) Assessee By Shri.Jaykumar Patil.Ar Revenue By Smt.Thamba Mahendra.Sr.Dr सुनवाई की तारीख/Date Of Hearing 25.02.2026 घोषणा की तारीख/Date Of Pronouncement 27.02.2026 Order Per Pavan Kumar Gadale, Jm: The Assessee Has Filed The Appeal Against The Order Of Addl/Jcit(A)-7 Mumbai Passed U/Se 143(3) & U/Sec250 Of The Act. The Assessee Has Raised The Grounds Of Appeal Challenging The Order Of The Cit(A) Sustaining The Denial Of Claim Of Deduction U/Sec80P(2)(A)(I) Of The Ac & Without Prejudice Alternate Relief U/Sec80P(2)(D) Of The Act On Interest Income From Cooperative Banks & Scheduled Banks. 2. The Brief Facts Of The Case Are That, The Assessee Souhard Credit Cooperative Society Is Engaged In Providing

Section 80P(2)(a)Section 80P(2)(d)

139/- and passed the order u/sec 143(3) of the Act dated 31.08.2017. 3. Aggrieved by the order u/sec 143(3) of the Act, the assessee has filed an appeal before the CIT(A), whereas the CIT(A) has considered the grounds of appeal, submissions of the assessee and findings of the A.O but sustained the denial of claim