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3 results for “capital gains”+ Section 192clear

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Key Topics

Section 10(37)2Section 45(5)2Section 54B2Section 250(6)2Section 234A2Section 271(1)(c)2Disallowance2Addition to Income2Natural Justice2

BAIJU ROY,PATNA vs. ITO, WARD-4(2), PATNA

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 13/PAT/2022[2016-17]Status: DisposedITAT Patna02 Jun 2023AY 2016-17

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 10(37)Section 133(6)Section 2(14)(iii)Section 45(5)Section 54BSection 54F

192/- (i) Add. Income from capital gain : Sale consideration : Rs.1,25,05,763/- Cost of acquisition : Rs. NIL _____________________ Long term capital gain : Rs.1,25,05,763/- Total income : Rs.1,27,58,955/- Or Rs.1,27,58,960/- Assessed u/s 143(3) of the I.T. Act, 1961 on a total income of Rs.1,27,58,960/-. Issue Demand Notice, Challan

Limitation/Time-bar2

RUSHATAM KHAN,PURNEA vs. ACIT, CIRCLE-3, PURNEA

In the result, both the appeals of the assessee for AYs 2013-

ITA 328/PAT/2018[2013-14]Status: HeardITAT Patna22 Jul 2022AY 2013-14

Bench: Sri Manish Borad & Sri Sonjoy Sarma

Section 234ASection 250(6)Section 271(1)(c)

192 days. Condonation application has been filed by the assessee. After perusing the same, we find force in the reasons mentioned therein and are satisfied that the assessee was prevented for I.T.A. Nos.: 328 & 329/Pat/2018 AYs: 2013-14 & 2014-15 Rushtam Khan. reasonable cause in filing the instant appeals. We, therefore, condone the delay and admit the appeal for adjudication

RUSHATAM KHAN,PURNEA vs. ACIT, CIRCLE-3, PURNEA

In the result, both the appeals of the assessee for AYs 2013-

ITA 329/PAT/2018[2014-15]Status: HeardITAT Patna22 Jul 2022AY 2014-15

Bench: Sri Manish Borad & Sri Sonjoy Sarma

Section 234ASection 250(6)Section 271(1)(c)

192 days. Condonation application has been filed by the assessee. After perusing the same, we find force in the reasons mentioned therein and are satisfied that the assessee was prevented for I.T.A. Nos.: 328 & 329/Pat/2018 AYs: 2013-14 & 2014-15 Rushtam Khan. reasonable cause in filing the instant appeals. We, therefore, condone the delay and admit the appeal for adjudication