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7 results for “capital gains”+ Section 4Aclear

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Key Topics

Addition to Income7Section 292C6Section 1486Section 143(3)4Section 69C4Section 1324Section 1473Section 143(1)3Section 143(2)3Long Term Capital Gains

RAJENDRAPRASAD BABULAL KHETAN,SURAT vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIR. - 4, SURAT

ITA 142/SRT/2023[2017-18]Status: DisposedITAT Surat11 Aug 2023AY 2017-18

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.142/Srt/2023 (Assessment Year: 2017-18) (Physical Hearing) Rajendraprasad Babulal Khetan, Vs. The Acit, E-2-1101, Capital Greens, Vesu Central Circle-4, – Bharthana, Surat – 395007. Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abqpk8161R (Appellant) (Respondent) आयकर अपील (खोज और ज"ती) सं./It(Ss)A Nos.32/Srt/2023 (Assessment Year: 2017-18) Rajendraprasad Babulal Khetan, Vs. The Acit, E-2-1101, Capital Greens, Vesu Central Circle-4, – Bharthana, Surat – 395007. Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Abqpk8161R (Appellant) (Respondent)

Section 143(3)Section 150(1)Section 154

Gain added by the AO, confirmed by ld.CIT(A) is deleted. In the result the grounds of appeal raised by the assessee are allowed.” 28. From the above judgment of the Coordinate Bench in the case of Late Shri Mohanlal Ambelal Desai (supra), it is vivid that being co-owner, the assessee is also entitled for similar treatment. The ITA.142/SRT/2023

M/S. PATEL AMBALAL HARGOVANDAS & CO.,,SURAT vs. THE DCIT, CENTRAL CIRCLE-2,, SURAT

3
Reopening of Assessment3
Natural Justice3

In the results, appeal filed by Revenue (in IT(SS)A Nos

ITA 185/SRT/2022[2020-21]Status: DisposedITAT Surat26 May 2023AY 2020-21

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं/.It(Ss)A No.49/Srt/2022 Assessment Year: (2019-20) (Physical Hearing) The Acit, Central Circle-2, Vs. Rasikbhai Narottamdas Patel, Surat. Flat No.9-10, Mahavir Nagar Co.Op H.S. Ltd., Bldg-12, Nr. Gayatri Mandir, Udhna Magdalla Road, Surat – 395007. "थायीलेखासं/.जीआइआरसं/.Pan/Gir No.: Adgpp4550M (Appellant) (Respondent) आयकर अपील सं/.It(Ss)A No.86/Srt/2022 Assessment Year: (2015-16) The Dcit, Central Circle-2, Vs. Ashish Karamshibhai Koshiya, Surat. 40, Jivandeep Soceity, Singanpor Road, Katargam, Surat, Gujarat – 395004. "थायीलेखासं/.जीआइआरसं/.Pan/Gir No.: Aojpk1118G (Appellant) (Respondent) आयकर अपील सं/.Ita No.185/Srt/2022 Assessment Year: (2020-21) M/S. Patel Ambalal Hargovandas Vs. The Dcit, Central Circle-2 & Co., Surat. 5/725, Haripura, Bhavaniwad, Opp. Dhobi Sheri, Surat – 395003. "थायीलेखासं/.जीआइआरसं/.Pan/Gir No.: Aadfp2517N (Appellant) (Respondent) Appellant By Shri Ashok B. Koli, Cit(Dr) Shri Vartik Choksi, Shri Biren Shah & Shri Respondent By Nitin Gheewala, Ar Date Of Hearing 26/04/2023 Date Of Pronouncement 26/05/2023 आदेश /O R D E R Per Bench:

Section 132Section 143(3)Section 292CSection 69C

capital gain. Therefore, there can be no protective assessment. Thirdly, there has been a demand (without any limitation that it should not have been recovered) raised pursuant to the above assessment which also shows that the said assessment is not a protective assessment.” 14. In the present case, from the reasons recorded by the AO as reproduced hereinabove, we observe

VINODCHANDRA MADHABHAI LAVRI,SURAT vs. ITO,WARD 2(3)(4), SURAT

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

ITA 151/SRT/2025[2013-14]Status: HeardITAT Surat07 Jul 2025AY 2013-14

Bench: Shri T.R. Senthil Kumar & Shri Bijayananda Pruseth

For Appellant: Shri Rasesh Shah, C.AFor Respondent: Shri Ashish Pophare, CIT DR
Section 132Section 143(1)Section 143(2)Section 147Section 148Section 292C

Section 143(2) calling for details in respect of computation of Long Term Capital Gain on sale of immovable property. Since the assessee has not replied to the notices, a final show-cause notice was issued that was also not replied by the assessee, which has resulted in passing the ex- ITA Nos.149 to 151/Srt/2025 Vinodchandra Madhabhai Lavri

VINODCHANDRA MADHABHAI LAVRI,SURAT vs. ITO, WARD 2(3)(4), SURAT

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

ITA 150/SRT/2025[2012-13]Status: HeardITAT Surat07 Jul 2025AY 2012-13

Bench: Shri T.R. Senthil Kumar & Shri Bijayananda Pruseth

For Appellant: Shri Rasesh Shah, C.AFor Respondent: Shri Ashish Pophare, CIT DR
Section 132Section 143(1)Section 143(2)Section 147Section 148Section 292C

Section 143(2) calling for details in respect of computation of Long Term Capital Gain on sale of immovable property. Since the assessee has not replied to the notices, a final show-cause notice was issued that was also not replied by the assessee, which has resulted in passing the ex- ITA Nos.149 to 151/Srt/2025 Vinodchandra Madhabhai Lavri

VINODCHANDRA MADHABHAI LAVRI,SURAT vs. ITO, WARD 2(3)(4), SURAT

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

ITA 149/SRT/2025[2011-12]Status: HeardITAT Surat07 Jul 2025AY 2011-12

Bench: Shri T.R. Senthil Kumar & Shri Bijayananda Pruseth

For Appellant: Shri Rasesh Shah, C.AFor Respondent: Shri Ashish Pophare, CIT DR
Section 132Section 143(1)Section 143(2)Section 147Section 148Section 292C

Section 143(2) calling for details in respect of computation of Long Term Capital Gain on sale of immovable property. Since the assessee has not replied to the notices, a final show-cause notice was issued that was also not replied by the assessee, which has resulted in passing the ex- ITA Nos.149 to 151/Srt/2025 Vinodchandra Madhabhai Lavri

SANJAYBHAI ARJUNBHAI PATEL,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, SURAT

ITA 79/SRT/2023[2018-19]Status: DisposedITAT Surat23 Jan 2025AY 2018-19
Section 254(1)Section 292C

gain on\nfluctuation in price/ value. Thus, the assessee earned income from referral,\ninterest income from lending of coins and from staking. DKD cons were operated\nin pseudonymous ownership without any physical address. It functioned as\nscheme with lending and escrows. All such details were found from the personal\nLaptop of assessee \"Snjay_hp_laptop_320_gb-“, which was seized

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1, SURAT vs. SHRI SANJAYBHAI ARJUNBHAI PATEL, SURAT

In the result, the appeal of the revenue is dismissed and the cross appeal of\nthe assessee is partly allowed

ITA 211/SRT/2023[2018-19]Status: DisposedITAT Surat23 Jan 2025AY 2018-19
Section 254(1)Section 292C

gain on\nfluctuation in price/ value. Thus, the assessee earned income from referral,\ninterest income from lending of coins and from staking. DKD cons were operated\nin pseudonymous ownership without any physical address. It functioned as\nscheme with lending and escrows. All such details were found from the personal\nLaptop of assessee \"Snjay_hp_laptop_320_gb\", which was seized