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4 results for “capital gains”+ Section 253(2)clear

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Key Topics

Section 454Section 2503Section 271(1)(c)3Penalty3Section 10(37)2Section 45(5)2Section 54B2Section 1442Addition to Income2Limitation/Time-bar

RENU DEVI,PATNA vs. ITO, PATNA

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

ITA 672/PAT/2024[2016-17]Status: DisposedITAT Patna25 Aug 2025AY 2016-17

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) I.T.A. No. 672/Pat/2024 Assessment Year: 2016-2017 Renu Devi,……………………………....….………Appellant D/79, P.C. Colony, Lohia Nagar, Kankarbagh, Patna-800020, Bihar [Pan:Algpd4522P] -Vs.- Income Tax Officer,………………………...…….Respondent Ward-6(2), Patna Appearances By: Shri Sudipta Sannigrahi, C.A., Appeared On Behalf Of The Assessee Shri Ashwani Kr. Singal, Jcit, Appeared On Behalf Of The Revenue Date Of Concluding The Hearing: June 24, 2025 Date Of Pronouncing The Order: August 25, 2025 O R D E R

Section 144Section 148Section 2(47)(v)Section 271(1)(c)Section 45Section 48

capital gains as on the date of JDA is to be considered. Besides section 45(5A) being a substantive position cannot be applied to the Development Agreement entered before the insertion of this section and, therefore, automatically section 2(47)(v) gets attracted. The ld. Addl./JCIT(Appeals) also held that section 45(5A) is a substantive provision, which

2

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

2,53,192/- (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

SHIVENDU SHEKHAR SINGH,PATNA vs. ITO, WARD6(5), PATNA

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

ITA 689/PAT/2024[2011-12]Status: DisposedITAT Patna04 Jun 2025AY 2011-12

Bench: Shri Duvvuru Rl Reddy, Vice-(Kz) & Shri Sanjay Awasthi

Section 143(2)Section 250Section 253(3)Section 271(1)(c)

253(3) of the Income tax Act, 1961. When the assessee came to know about the order passed by the ld. CIT(Appeals) without considering the merit of the case, the assessee approached the ld. A.R. to prefer appeals, due to that there was a delay of 256 days in filing the appeal before the Tribunal. Therefore, he pleaded

VIDYOTMA,PATNA vs. ITO, WARD-2 (1), SITAMARHI

ITA 378/PAT/2025[2015-16]Status: DisposedITAT Patna28 Jan 2026AY 2015-16

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

Section 250Section 253Section 271(1)(c)

253 of the I.T. Act 1961 against the order under section 250 of the Income Tax Act, 1961, relating to assessment year 2015-16 on the 28-05-2025. Through this appeal should have been filed on or before 27/07/2025. That I, due to illness irregular to open the e-mail and not showing I.T. Portal. As and when