COMMISSIONER OF INCOME TAX-III, HYD vs. M/S. SUJANA METALS LTD, HYD

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

Long Term Capital Gains @ ` 3,80,02,500/-. Moreover, AO observed that this income should be made taxable

The Commissioner of Income Tax vs. M/s Supriya Wines

Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY

Long Term Capital Gain during the Financial Year 2013-14 relevant to Assessment Year 2014- 15 and during

The Commissioner of Income Tax III, vs. M/s. Swagath Seeds Private Limited

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

long term capital gain made by assessing authority relating to Rs.2,94,26,600/- as long term capital

Sri Damodarlal Badruka vs. The Income Tax Officer

The appeal is allowed but in the circumstances with

Bench: A RAMALINGESWARA RAO,DILIP B. BHOSALE

long term capital gain in terms of Section 54 F (3) of the Act. It is not in dispute

Sri Natakari Gopal vs. Income Tax Appellate Tribunal and 2 Others

Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 3Rd January, 2023. Appearance : Mr. Tilak Mita, Adv. ..For Appellant Mr. Pranit Bag , Adv. Mr. A. K. Mishra, Adv. Mr. Debdatta Saha, Adv. …For Respondent Re: Ga/1/2022 The Court:- Heard Mr. Tilak Mitra, Learned Advocate For The Appellant & Mr. Pranit Bag, Learned Advocate For The Respondent. There Is A Delay Of 1126 Days In Filing The Appeal. Though The Reasons Given In The Affidavit Are Not Convincing The Issues Involved In The Appeal Had Been Decided By This Court In Earlier Matters, This Court Exercises Discretion & Condone The Delay In Filing The Appeal. Accordingly, The Application Is Allowed.

Long Term Capital gain of Rs.1,12,13,010/- and claim the same as exempted from income tax u/s 10(38) of the Income

Principal Commissioner of Income Tax vs. M/s Nara Constructions,

Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY

long-term finance (computed under the head “Profits and gain of business or profession” before making any deduction under this clause) carried to such reserve account: [***] Provided [***]that where the aggregate of the amounts carried to such reserve account from time to time exceeds twice the amount of the paid up share capital

M/S.R.S.RANGADAS vs. THE ASST.COMMISSIONER OF INCOME TAX

Appeals are disposed of, with no order as to costs

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

long term capital gain‟ the assessee had disclosed transfer consideration of Rs.5 Crores on sale of one lakh

The Commissioner of Income Tax-III vs. Sri Anand Prakash Sanghi

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Long term capital gain was also assessed. According to the assessee therein, the possession of the land was handed

The Commissioner of Income Tax-II, vs. M/S Gulf Oil Corporation Pvt. Ltd.,

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

gains,  accrued   by   sales   of   relevant   shares,   is  irrelevant for deciding the allowability or  otherwise of loss shown by the assessee on  alleged sale of these shares, as sales have  not   been   conclusively   established   by   the  assessee. 26.   In   view   of   above   discussion,   we   hold  that   as   assessee   could   not   establish   the  factum   of   sales   made   to   his/her   associate

Commissioner of Income Tax-II vs. M/s.Jayalakshmi Chits

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

gains,  accrued   by   sales   of   relevant   shares,   is  irrelevant for deciding the allowability or  otherwise of loss shown by the assessee on  alleged sale of these shares, as sales have  not   been   conclusively   established   by   the  assessee. 26.   In   view   of   above   discussion,   we   hold  that   as   assessee   could   not   establish   the  factum   of   sales   made   to   his/her   associate

The Commissioner of Income Tax - VI vs. M/s. Manikanta Iron AND Hardware

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

gains,  accrued   by   sales   of   relevant   shares,   is  irrelevant for deciding the allowability or  otherwise of loss shown by the assessee on  alleged sale of these shares, as sales have  not   been   conclusively   established   by   the  assessee. 26.   In   view   of   above   discussion,   we   hold  that   as   assessee   could   not   establish   the  factum   of   sales   made   to   his/her   associate

PRL COMMR OF INCOME TAX-2, HYDERABAD vs. K RAVINDER REDDY, HYDERABAD

In the result, this Cr.M.P

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

Long Term Capital Gain during the Financial Year 2013-14 relevant to Assessment Year 2014-15; and the allegation

Commissioner of Income Tax, Rajahmundry vs. M/s. Kakinada Coop. Town Bank LTd., Kakinada

Bench: The Court Is: “Whether, The Shares Invested Through A Portfolio Management

gains were taxable as business income, the exemption of section 10(38) for long term capital gains

The Principal Commissioner of Income Tax-2 vs. M/s Indus Business System Ltd.

Appeals are dismissed

Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY

Long Term Capital gains tax on sale of the STPL. 5. In the case of Smt. Poornima Shailendra

The Commissioner of Income Tax vs. M/S New Asian Bar AND Restaurant,

Appeals are dismissed

Bench: SANJAY KUMAR,GUDISEVA SHYAM PRASAD

Long Term Capital gains tax on sale of the STPL. 5. In the case of Smt. Poornima Shailendra

K.V.D.PRASAD RAO vs. THE JT.COMMISSIONER OF INCOME TAX

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

long tcnn capital gains. FIe funher held that nott-ithsurnding tlic lock-irrperiod and the pledge of shares, those mtst br' regaftlcd ls li.rving been sold or trarsferred within the rreaning of Section 2('17) of rlre Act as the entire consideration 5 \\?s rtccived by the xsessee and the co-promoters r'r,ith share certiliciltes Lrruig

Commissioner of Income Tax-III vs. V.Ramachandra Rao

In the result, we do not find any merit in the

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

long term capital gain on sale of shares of Rs.26,07,28,826/-. The sale of shares of Trident

The Commissioner of Income Tax-III, vs. Sri Prem Chand

long term capital gain and therefore, relief has been given to him in respect of paying income tax on the long