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333 results for “capital gains”+ Section 2(24)clear

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Key Topics

Section 143(3)82Addition to Income67Section 26347Disallowance40Section 55A35Deduction33Section 271(1)(c)30Section 54B29Section 14726Section 143

CHANDRASINH RAMSINH PARMAR,,DADRA & NAGAR HAVELI vs. THE INCOME TAX OFFICER, SILVASSA WARD,, VAPI

In the result the appeal of the assessee is partly allowed

ITA 1222/AHD/2016[2004-05]Status: DisposedITAT Surat12 Feb 2019AY 2004-05
For Appellant: Shri Hiren Vepari, A.RFor Respondent: Ms. Anupma Singla, Sr. D.R
Section 143(3)Section 147Section 148Section 2(47)Section 45(2)Section 45(3)Section 55(2)(b)

24, section 34AA, section 35 and section 37 of the Wealth-tax Act, 1957 (27 of 1957), shall with the necessary modifications, apply in relation to such reference as they apply in relation to a reference made by the [Assessing] Officer under sub-section (1) of section 16A of that Act. Explanation.—In this section, "Valuation Officer" has the same

Showing 1–20 of 333 · Page 1 of 17

...
26
Long Term Capital Gains26
Section 14825

SIDDHI VINAYAK KNOTS & PRINTS PRIVATE LIMITED,SURAT vs. PR. CIT-2, SURAT, SURAT

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

ITA 58/SRT/2022[2017-18]Status: DisposedITAT Surat12 Dec 2022AY 2017-18

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.58/Srt/2022 "नधा"रणवष"/Assessment Year: (2017-18) (Physical Court Hearing) Siddhi Vinayak Knots & Prints Pvt. Ltd. Vs. The Pcit-2, A-26, Central Park, Gidc, Pandesara Surat. S.O., Pandesara, Surat-394221. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aamcs4421L

Section 143(3)Section 2(24)(x)Section 263Section 36(1)(va)

capital receipt had been concluded against the revenue. The satisfaction of the Commissioner, therefore, was based on no material, either legal or factual, which would have given him the jurisdiction to take action under section 263.” 17. In view of the above submission, your honours are requested to quash the revision order passed

KALUBHAI DULABHAI GOLAVIYA,SURAT vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, , SURAT

In the result, ground raised by the assessee is allowed

ITA 619/SRT/2018[2014-15]Status: DisposedITAT Surat30 Mar 2023AY 2014-15

Bench: Shri Pawan Singh, Jm &Dr. A.L.Saini, Am आयकर अपीलसं./It(Ss)A No.15 & Ita No.619/Srt/2018 (िनधा"रणवष" / Assessment Years: (2011-12 &2014-15) (Virtual Court Hearing) Shri Kalubhai Dulabhai Golaviya Deputy Commissioner Of Income-Tax, B/1-2, Jalaram Society, B/H. Central Circle-2, Aaykar Bhavan, Vs. Gurunagar Society, Varachha Majura Gate, Surat-395001 Road, Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Ablpp 5116 A (अपीलाथ" /Appellant) (""थ" /Respondent)

For Appellant: Shri Ashwin K Parekh, C.AFor Respondent: Shri Ashok B.Koli, CIT-DR &
Section 132Section 143(2)Section 143(3)Section 153ASection 45(3)Section 54F

2(14) of the Act defines the term "capital asset". It states that property "whether connected to business or not" is "capital asset". Hence, even if an asset is connected to business, the gain on the sale is "capital gain". Even section 50 of the Income Tax Act lay down that the gain on the sale of depreciable asset used

INCOME TAX OFFICER, WARD-2(3)(8), SURAT vs. MAHAVEER SHANTILAL JAIN, SURAT

ITA 453/SRT/2019[2013-14]Status: DisposedITAT Surat25 Sept 2023AY 2013-14

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.453/Srt/2019 "नधा"रण वष"/Assessment Year: (2013-14) (Physical Hearing) The Ito, Vs. Mahaveer Shantilal Jain, Ward-2(3)(8), Prop. M/S Mukesh Diamonds, 1St Surat. Office No.401, Floor, H.No.5/1171/72/73/1090, New Dtc, Hath Falia, Haripura, Surat – 395009. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aqupj6439L Appellant By Shri Ritesh Mishra, Cit(Dr) Respondent By Shri P. M. Jagasheth, Ca Date Of Hearing 08/09/2023 Date Of Pronouncement 25/09/2023

Section 142(1)Section 143(2)Section 143(3)

24. On the identical facts, the Hon`ble High Court of Bombay in the case of Pavan Morarka 136 taxmann.com 2 (Bom) held that where AO at Delhi who issued initial reopening notice had no jurisdiction over petitioner as he was assessed to tax at Mumbai, reopening notice issued by AO at Mumbai after case of assessee was transferred

SHRI SABBIRBHAI DAWOODBHAI SHAIKH,SURAT vs. INCOME TAX OFFICER WARD-3(1)(4), SURAT

In the result, the ground No

ITA 121/SRT/2018[2010-11]Status: DisposedITAT Surat18 Jan 2022AY 2010-11

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Virtual Court) Shri Sabbirbhai Dawoodbhai Income Tax Officer, Ward- Shaikh, 3(1)(4), Anavil Business Vs 7/4539, Galemandi, Centre, Adajan, Surat- Lakkad Kot, 395009 Surat Pan : Aeqps 5688 Q Appellant / Assessee Respondent / Revenue

Section 139(1)Section 139(4)Section 143(3)Section 147Section 148Section 250Section 254(1)Section 54

24,94,166/- after claiming indeed cost of acquisition. The working of capital gains was also furnished. The assessee further submits that he invested in the bonds of NHAI of Rs.10 lakh on 26.03.2010, within six months from the date of sale. Further Rs.15 lakh was deposited in capital gains account on 11.08.2010.The assessee further submits that he purchased residential

MUKESH ARVINDLAL VAKHARIA,SURAT vs. ITO, WARD 2(3)(3), SURAT

Appeal is partly allowed for statistical purposes

ITA 491/SRT/2019[2014-15]Status: DisposedITAT Surat06 Jun 2023AY 2014-15

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.491/Srt/2019 "नधा"रण वष"/Assessment Year: (2014-15) (Physical Hearing) Mukesh Arvindlal Vakharia, Vs. The Ito, Ward-2(3)(3), C/O Arvind Silk Mills, Om Baug, Ashvini Surat. Kumar Road, Surat - 395006. (Appellant) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abcpv1682L

Section 143(3)Section 54ESection 54F

2) 2014 w.e.f. 01.04.2015. As per this, the deduction u/s 54EC is allowable only upto Rs.50,00,000/- as per the second proviso to S. 54EC(1). However, this proviso was inserted w.e.f. 01.04.2015 and therefore it is not applicable to A.Y. 2014- 15. The reliance is placed on the decision of the Madras High Court in case

SHRI NAGINBHAI NARSINHBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(3),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 375/AHD/2015[2009-10]Status: DisposedITAT Surat13 Apr 2022AY 2009-10

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI HITESH DINESHBHAI L/H OF LATE DINESHBHAI LALLUBHAI PATEL,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 379/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI NATVARBHAI KANJIBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(3),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 370/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. JASUBEN VENIBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 2178/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI GANPATBHAI UKABHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 2207/AHD/2015[2009-10]Status: DisposedITAT Surat13 Apr 2022AY 2009-10

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. RASHMIBEN RAJESHBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(4),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 2203/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI NAVINBHAI PARBHUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(3),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 1645/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI JAMUBHAI PARSOTTAMBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 369/AHD/2015[2008-09]Status: DisposedITAT Surat13 Apr 2022AY 2008-09

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI GIJUBHAI PRABHUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 422/AHD/2015[2009-10]Status: DisposedITAT Surat13 Apr 2022AY 2009-10

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SMT. JAMNABEN NAGINBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 424/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI DINESHBHAI DAYALBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 1648/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI NAVINBHAI JERAMBHAI PATEL L/H OF LATE JERAMBHAI VALABHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(2),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 1644/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI JAYESHBHAI PARBHUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 1639/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP

SHRI ISHVERBHAI DEVJIBHAI PATEL,SURAT vs. THE INCOME TAX OFFICER, WARD-4(1),, SURAT

In the result, the corresponding ground of appeal is partly allowed

ITA 1623/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11

Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.

24. 1645/AHD/2015 Shri Navinbhai Prabhubhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: ARLPP 4428 M 25 1646/AHD/2015 Shri Natvarbhai Jerambhai Patel The Income Tax 2010-11 Mata Faliya, At Post Hazira, Tal. Officer, Choryasi, Surat 394 270 Ward-4(3), Surat. PAN: BFKPP