38 results for “capital gains”+ Section 143clear
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In the result, the appeal filed by the assessee is allowed and the
Bench: T.VINOD KUMAR,M.S.RAMACHANDRA RAO
Section 143(3) of the Act by order dated December 31, 2007 accepted the long term capital gains which arose
Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY
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Section 143(2) and assessment completed making an addition of Rs.1,87,00,000/- as being concealed income under 'short-term capital gain
Appeals are dismissed
143 or] on the basis of the regular assessment aforesaid. (4) Where, as a result of an order under section 154 or section 155 or section 250 or section 254 or section 260 or section 262 or section 263 or section 264 or an order of the Settlement Commission under subsection (4) of section 245D, the amount on which interest
The appeals are dismissed
Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA
143(2) dated 25.07.2006, which was duly served on the assessee Company. The - - 8 assessee in response to the notice issued appeared on 13.12.2007 and 14.12.2007 and filed written submissions. The assessee claimed that they are in the business of providing comprehensive facilities to IT Industry. Such facilities include provision for specially furnished buildings, special electrical connections, and special arrangement
Bench: The Learned
143(3) of the Act restricting the deduction under Section 54F to ₹30 crores, as against ₹90 crores claimed by the Assessee. 7. The Assessee had deposited the consideration in the capital gains
Section 143(3) of the Act and 1 Assessment Year I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 10 added taxes against each assessee, as shown herein below, on the ground that the lands sold by them are capital assets and the capital gains
Bench: CHALLA KODANDA RAM,G.CHANDRAIAH
143(3) of the Act. The Assessing Officer (AO) during the assessment proceedings, noticed that: (i) The Assessee had a hundred per-cent export oriented undertaking (100% EOU) at Plot No.A-280 to 283, RIICO Industrial Area, Chopanki, Distt. Alwar (Rajasthan); was registered as EOU in Noida Special Economic Zone and eligible for deduction under Section 10B of the Act. This
In the result, the impugned order dated
capital gains in the returns filed over a period of years, subsequently can they refuse to accept the said valuation as the basis, for the subsequent years? 3 3. Facts giving rise to the filing of the appeal briefly stated are that the appellant had filed return of income on 04.01.2007 which was processed under Section 143
Bench: C.V.NAGARJUNA REDDY,T.AMARNATH GOUD
capital gains under Sections 54EC and 54F of the Income Tax Act, 1961,(for short ‘the Act’). The case was selected for scrutiny under CASS. A notice under Section 143
The appeals stand dismissed
Bench: V.V.S.RAO,RAMESH RANGANATHAN
capital gains; or (b) income of the nature referred to in sub-clause (ix) of clause (24) of section 2, (c) income under the had “Profits and gains of business or profession” in case where the income accrues or arises under the said head for the first time, and the assessee has paid the whole of the amount
Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY
143(3) more so when the assessing officer cancelled the penalty levied. 26. In our view, once the finding of concealment and subsequent levy of penalties under Section 271(1)(c) of the Act has been struck down by the Tribunal, the assessing officer has no other alternative except to correct his order under Section
In the result, we do not find any
Bench: ANIS,SANJAY KUMAR
143(3) of the Act based on the survey 8 and other enquiries, the Assessing Officer disallowed the assessee's claim for deduction under Section 10B of the Act. 5. The Assessing Officer inter alia held that assessee is entitled to deduction under Section 10B of the Act only after verification and the contention of the assessee that old machinery
Section 143(3) of the Income Tax Act. An order of assessment was passed on 17.03.2005. The Assessing Authority passed an order of assessment by making certain additions such as income from joint development of sites, long term capital gains
143(3) after making various additions and disallowances. Being aggrieved by the additions and disallowances made by the Assessing Officer, the apepllant preferred first appeal before the learned CIT(Appeals) who granted partial relief to the appellant. 2.1 Being aggrieved by the order passed by the learned Page 2 of 14 O/TAXAP/186/2003 JUDGMENT CIT(A) the appellant as well
capital gain arising out of sale proceeds of house, thus, Assessing Officer requested Commissioner of Income Tax for adjustment of seized amount towards the tax liability of appellants. The Commissioner of Income Tax, Amritsar vide letter dated 26.06.2009 permitted Assessing Officer to adjust seized cash against tax liability of appellants. The Assessing Officer, accordingly, adjusted seized cash against
Accordingly answered against the Revenue. The appeals fail and are dismissed, without
143(3) r/w 144C applied Section 9(1)(vi) of the Act to tax the income of the assessee as royalty. 6. The assessees in the present cases both derive income from the “lease of transponders” of their respective satellites. This lease is for the object of relaying signals of their customers; both resident and non-resident TV channels that
In the result, the orders passed by the Commissioner of
capital gains at Rs.19,06,984/- and declared income from other sources at Rs.1,55,438/-. The case of the assessee was selected for scrutiny and a notice under Section 143
