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6 results for “house property”+ Section 54Gclear

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Key Topics

Section 54F37Section 54B11Exemption6Deduction6Long Term Capital Gains5Disallowance4Addition to Income4Section 2(22)(e)3Deemed Dividend3

LALITKUMAR KESARIMAL JAIN,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

In the result, appeals of the assessee in ITA No

ITA 1345/PUN/2017[2012-13]Status: DisposedITAT Pune24 Sept 2019AY 2012-13

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No.1345/Pun/2017 नििाारण वषा / Assessment Year : 2012-13

For Appellant: Shri Nikhil PathakFor Respondent: Shri S.B. Prasad
Section 2(22)(e)Section 54F

Section 54G(2) of the Act. In reference thereto, the Hon’ble Supreme Court of India in the case of Fibre Boards (P.) Ltd. Vs. Commissioner of Income Tax, Banglore (2015) 62 taxmann.com 135 (SC) has held that “so long as the amount is utilized before the due date of filing return of income, the claim of exemption u/s.54G

KRUTI LALITKUMAR JAIN,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

In the result, appeals of the assessee in ITA No

Section 234A2
Section 143(1)2
Section 143(2)2
ITA 1346/PUN/2017[2012-13]Status: DisposedITAT Pune24 Sept 2019AY 2012-13

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No.1345/Pun/2017 नििाारण वषा / Assessment Year : 2012-13

For Appellant: Shri Nikhil PathakFor Respondent: Shri S.B. Prasad
Section 2(22)(e)Section 54F

Section 54G(2) of the Act. In reference thereto, the Hon’ble Supreme Court of India in the case of Fibre Boards (P.) Ltd. Vs. Commissioner of Income Tax, Banglore (2015) 62 taxmann.com 135 (SC) has held that “so long as the amount is utilized before the due date of filing return of income, the claim of exemption u/s.54G

PRANAY LALITKUMAR JAIN,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

In the result, appeals of the assessee in ITA No

ITA 1347/PUN/2017[2012-13]Status: DisposedITAT Pune24 Sept 2019AY 2012-13

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No.1345/Pun/2017 नििाारण वषा / Assessment Year : 2012-13

For Appellant: Shri Nikhil PathakFor Respondent: Shri S.B. Prasad
Section 2(22)(e)Section 54F

Section 54G(2) of the Act. In reference thereto, the Hon’ble Supreme Court of India in the case of Fibre Boards (P.) Ltd. Vs. Commissioner of Income Tax, Banglore (2015) 62 taxmann.com 135 (SC) has held that “so long as the amount is utilized before the due date of filing return of income, the claim of exemption u/s.54G

INCOME TAX OFFICER, WARD-6(3), INCOME TAX DEPARTMENT, PUNE vs. KALAWATI VIJAYKUMAR AGARWAL, PUNE

In the result, the appeal filed by the Revenue is dismissed

ITA 979/PUN/2023[2021-22]Status: DisposedITAT Pune13 Sept 2024AY 2021-22

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2021-22

For Appellant: Shri Krishna V GujarathiFor Respondent: Shri Ramnath P Murkunde
Section 2Section 48Section 54Section 54F

54G, 54GA, 54GB etc. (Non-business ITR)” 3. On perusal of the IT return, the Assessing Officer noted that the assessee has declared Long term capital gain of Rs.18,87,563/- by claiming the deduction u/s 2 54F of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’), details of which are as under: i) Full Value Consideration

KALA ARVIND JAIN,AURANGABAD vs. INCOME TAX OFFICER, WARD 1(1), AURANGABAD, AURANGABAD

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

ITA 389/PUN/2024[2018-19]Status: DisposedITAT Pune21 Oct 2024AY 2018-19

Bench: Shri R.K. Panda & Ms. Astha Chandra

For Appellant: Shri S.N. PuranikFor Respondent: Shri Ramnath P. Murkunde
Section 11Section 143(1)Section 143(2)Section 234ASection 234BSection 45Section 54F

House Property Purchased as 50% as against, in the Ratio of Investment by Mrs. Kala Jain & Mr. Shanki Jain, in term of Sec. 45 of Transfer of Property Act.) Appellant prays for deduction as claimed. 2 ITA No.389/PUN/2024, AY 2018-19 4. Assessee denies Liability to Interest u/s 234A, B and 234 C. Appellant prays for deletion of the Same

BHANUDAS VITTHAL MHASURKAR,PUNE vs. THE INCOME TAX OFFICER, WARD-2(5), PUNE, PUNE

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

ITA 1264/PUN/2023[2016-17]Status: DisposedITAT Pune19 Nov 2024AY 2016-17

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17

For Appellant: Shri Kishor B PhadkeFor Respondent: Shri Ramnath P Murkunde
Section 143(1)Section 143(2)Section 53ASection 54BSection 54F

54G, 54GA – whether deduction from capital gains has been claimed correctly”. Accordingly, statutory notice u/s 143(2) and 142(1) of the Act were 2 issued and served on the assessee, in response to which the AR of the assessee filed the requisite details from time to time. 3. During the course of assessment proceedings the Assessing Officer noted that