KALAVATHI DEVI SHARMA,HYDERABAD vs. ITO, WARD-1, NANDED, NANDED

In the result, appeal of the assessee is dismissed

Bench: Dr.Manish Borad

capital gain to multiple entities and the financials clearly show that 8 Kalavathi Devi Sharma the company is a shell company. It was noticed that the appellant is one such beneficiary who received fictitious LTCG during the year under appeal. The Appellant did not furnish any explanation to such findings as mentioned in the impugned Assessment. 10.3. Regarding the exemption

ARCHANA PRASHANT DATE,PUNE vs. ITO, WARD 11(1), PUNE, PUNE

In the result, appeal of the assessee is allowed

Bench: Dr.Manish Borad & Ms.Astha Chandra

section 54 of the Act for the investment in another residential house which in this case is of new flat purchased at Rs.75,04,825/-. Since the cost of new flat is more than the net capital gain of Rs.65,84,280/-, resulting Nil capital gain but ld.CIT(A) has inadvertently forgot to give the benefit of indexation on cost

TEJASHREE ATUL PATIL,PUNE vs. PR.CIT - 2, PUNE

In the result, appeal of the assessee is dismissed

Bench: Dr.Manish Borad & Shri Vinay Bhamore

capital gain account, before due date of filing of ROI. As such even on this count you do not appear to be eligible to claim exemption u/s 54F for the second house property purchased on 24.05.2015 3. In this regard, an opportunity of being heard s being provided to you on 01.03.2024 at 03.00 PM. You are requested to make

BHANDARI ASSOCIATES,PUNE vs. PR. COMMISSIONER OF INCOME TAX 2, PUNE, PUNE

In the result, the appeal filed by the assessee is allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2018-19

172 Taxation 35 (Del-Trib) f. CIT v. Giridharilal 258 ITR 331 11. The Ld. Counsel for the assessee referring to pages 445 to 704 of the paper book-II submitted that the assessee has duly submitted the complete details in respect of unsecured loans of Rs.36,44,08,934/- such as detailed chart of unsecured loans along with confirmations

DY. COMMISSIONER OF INCOME TAX, PUNE vs. DILIP MOTILALJI CHORDIA, PUNE

In the result, the appeal filed by the Revenue as well as\nthe Cross Objection filed by the assessee are allowed for\nstatistical purposes

172 taxmann.com 278 (Delhi-Trib.) wherein the\nHon'ble ITAT has held as under:\n\"Section 96 of the RFCTLARR Act, 2013 provides exemption\nfrom income tax and stamp duty of the compensation received\non compulsory acquisition made under this Act for public\npurposes. Section 105(1) of the RFCTLARR Act, 2013 states\nthat provisions of this Act shall

DY. COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE, PUNE, SWARGATE,PUNE vs. MAHARASHTRA STATE BOARD OF SECONDARY & HIGHER SECONDARY EDUCATION, PUNE

In the result, the appeal of the assessee is allowed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2022-23

172 taxmann.com 568 (Delhi-Trib.), he submitted that the Tribunal in the said decision has held that where assessee, an educational institution, claimed exemption under section 10(23C)(iiiad) only after it received approval under section 10(23C)(i) read with section 10(23C) (vi) for relevant year, it was entitled for claiming exemption under section 10(23C) even though

PRIDE PURPLE BUILDERS PRIVATE LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE - 1 (1),, PUNE

In the result, the appeal of the Assessee is allowed

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.699/Pun/2022 िनधा"रण वष" / Assessment Year : 2015-16 Pride Purple Builders Private The Deputy Limited, V Commissioner Income Pride House, 5Th Floor, S Tax, Circle-1(1), Pune. S.No.108/7, Shivajinagar, Near Pune University Circle, Pune – 411016. Pan: Aadcp 4286 H Appellant / Assessee Respondent / Revenue Assessee By Shri Suhas Bora – Ar Revenue By Shri M G Jasnani, Irs - Dr Date Of Hearing 03/10/2023 Date Of Pronouncement 04/10/2023 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By Assessee Is Directed Against The Order Of Ld. Commissioner Of Income Tax(Appeal), Pune-11 Dated 18.08.2022For A.Y.2015-16 Emanating From The Assessment Order Under Section 143(3) Of The Income Tax Act, 1961 Dated 30.11.2017. The Assessee Has Raised The Following Grounds Of Appeal: Pride Purple Builders Private Limited [A]

172 (SC) wherein after discussing the various provisions of the Income Tax Act, the Hon. Supreme Court has held that the assessee cannot claim interest expenses paid on business loan, against interest income assessable u/s 56 of the Act. The relevant portion of the said judgment has been reproduced by the Ld. Assessing Officer in the assessment order

NAVJYOTI FARMING PRIVATE LIMITED,BELAPUR vs. ITO, WARD -3 , PANVEL

In the result, the appeal filed by the assessee is allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2012-13

gains. The return was processed u/s 143(1) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’). Subsequently, the case was selected for scrutiny and statutory notices 2 u/s 143(2) and 142(1) of the Act dated 07.08.2013 were issued and served on the assessee, in response to which the assessee filed the requisite details from