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4 results for “capital gains”+ Demonetizationclear

Sorted by relevance

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Key Topics

Cash Deposit4Demonetization4Addition to Income4Section 115B3Section 683Section 143(3)2Section 143(2)2Section 69A2Capital Gains2Penalty

JIGNESH RAJKUMAR MEHTA,SURAT vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), SURAT

In the result, assessee`s appeal is partly allowed in above terms

ITA 105/SRT/2023[2013-14]Status: DisposedITAT Surat31 Jul 2023AY 2013-14

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.105/Srt/2023 "नधा"रण वष"/Assessment Year: (2017-18) (Virtual Hearing) Jignesh Rajkumar Mehta, Vs. The Dcit, Circle-2(1)(1), 48, Sankalp Society, Ghod Dod Road, Surat. Bhatar, Surat – 395007. (Assessee) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Adbpm2561Q Assessee By Shri Umesh Dalal, Ar Respondent By Shri Vinod Kumar, Sr. Dr Date Of Hearing 22/05/2023 Date Of Pronouncement 31/07/2023

Section 115BSection 143(2)Section 143(3)Section 145Section 234BSection 271A

Capital Gains and Income from Other Sources. The assessee`s case was manually selected for scrutiny under compulsory criteria through approval of Pr. CIT-2, Surat vide his letter No. SRT/Pr. CIT-2/ITO(HQ)- 2/Scrutiny/Manual Selection/2018-19 dated 28.09.2018 and notice u/s 143(2) of the Act was issued and served online on 29.09.2018. Details, documents and explanations relevant

2

LABHUBEN MANUBHAI MANGUKIYA,SURAT vs. INCOME TAX OFFICER WARD 3(3)(5), SURAT

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

ITA 773/SRT/2024[2017-18]Status: DisposedITAT Surat24 Apr 2025AY 2017-18

Bench: Shri Pawan Singh & Shri Bijayananda Prusethआयकर अपील सं./Ita No.773/Srt/2024 Assessment Year: (2017-18) (Physical Hearing) Labhuben Manubhai Mangukiya. Vs. The Ito, 24, Ramkrishna Society, L.H. Road, Ward-3(3)(5), Surat - 395006 Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aczpm1695G (Appellant) (Respondent)

Section 115BSection 143(2)Section 250Section 253(3)Section 68

capital gain (STCG) and from other source of income. The Assessing Officer (in short, ‘AO’) noticed that assessee has made cash deposit of Rs.27,00,000/- during the demonetization

ARVINDBHAI RATILAL SHAH T L/H KOKILABEN ARVINDBHAI SHAH,SURAT vs. ITO, WARD 2(3) (6), SURAT

In the result, the appeal of the assessee is dismissed

ITA 878/SRT/2025[2017-18]Status: HeardITAT Surat07 Oct 2025AY 2017-18

Bench: Shri Sandeep Gosain () & Shri Om Prakash Kant () Assessment Year: 2017-2018 Arvindbhai Ratilal Shah, T L/H Ito Ward 2(3)(6), Kokilaben Arvindbhai Shah, Income Tax Office, Room 405, C/O Sun Gems, 203 Syndicate Vs. Anavil Business Centre, Pal- House, Gujjar Falia Haripura, Hazira Road, Adajan, Surat-395003. Surat-394270. Pan No. Actps 6533 K Appellant Respondent

For Appellant: Mr. Suresh K Kabra, CAFor Respondent: Mr. J.K. Chandnani, Sr. DR
Section 143(1)Section 69A

capital gains on equity shares, dividend, commission income, and interest. The return so filed was processed under section 143(1) of the Income-tax Act, 1961. Subsequently, the case was selected for scrutiny assessment. 2.1. During the course of assessment proceedings, the Assessing Officer observed that the assessee had deposited cash in various bank accounts during the period of demonetisation

ARJUNSINH HARISINH THAKOR,SURAT vs. INCOME TAX OFFICER, BARDOLI

In the result, grounds No

ITA 245/SRT/2021[2017-18]Status: DisposedITAT Surat15 Jun 2023AY 2017-18

Bench: Shri Pawan Singh(Physical Hearing) Arjunsinh Harisinh Thakor, I.T.O., 1 Thakor Niwas, Zanda Chowk, Ward-1, Vs. Tarasadi Road, Kosamba, Bardoli. Surat-394120. Pan No. Aabpt 1270 G Appellant/ Assessee Respondent/ Revenue

Section 115BSection 254(1)Section 68

capital gain earned on sale of property. The assessee has not made any investment in the property during the year under consideration, thus the assessee was having sufficient cash balance available with assessee. The Assessing Officer has not pointed out any defect in the books of assessee. For A.Y. 2017-18, the assessee has declared income of more than