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6 results for “capital gains”+ Section 153A(1)(b)clear

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Key Topics

Section 260A6Section 153A5Section 54F5Section 1324Section 234B3Search & Seizure3Section 132(4)2Section 1312Section 2762

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

ITTA/591/2017HC Telangana07 Nov 2017

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

Section 131Section 132(1)Section 276Section 276C(1)

153A of the Income Tax Act and, at present, the Show Cause Notice issued for initiation of prosecution is based on presumption. (vii). It has been further alleged that the reply of the assessee was carefully 6 considered by Principal Director of Income Tax (Investigation) and sanction was accorded under section 279(1) of the Income

The Commissioner of Income Tax - III, vs. M/s. Suven Pharmaceuticals Limited,

Appeals are dismissed

ITTA/677/2006HC Telangana
Long Term Capital Gains2
Addition to Income2
Capital Gains2
21 Mar 2012
Section 115JSection 143Section 208Section 260A

153A] on the  amount by which the tax on the total income  determined on the basis of the reassessment  or recomputation exceeds the tax on the total  income determined [under sub­section (1) of  section 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

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

ITTA/33/2010HC Telangana21 Mar 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

For Appellant: M/S.HARBOUR VIEWFor Respondent: THE COMMISSIONER OF INCOME TAX
Section 132Section 143(2)Section 153ASection 153CSection 2(47)(v)Section 260ASection 269USection 53A

153A read with Section 153C of the Act on 5.8.2004. The assessee filed a return on 27.12.2004 declaring 'nil' income, consequent to which notice was issued under Section 143(2) and assessment completed making an addition of Rs.1,87,00,000/- as being concealed income under 'short-term capital gain'. The assessee, which was a partnership firm and later registered

Sampathirao Apparao vs. Income Tax Officer,

The appeals stand dismissed

ITTA/20/2012HC Telangana19 Jul 2013
Section 132(4)Section 132BSection 140ASection 153ASection 234BSection 260

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

Principal Commissioner of Income Tax vs. Sri Nama Nageshwar Rao

ITTA/23/2021HC Telangana09 Oct 2023

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

Section 132Section 132(4)Section 153ASection 260A

capital gain on the ground that the evidences found during search at the premises of entry provider cannot be the basis for making additions in assessment completed u/S. 153A in the case of beneficiary ignoring the vital fact that there was a common search u/s 132 conducted on the same day in both the cases of the entry provider

The Commissioner of Income Tax(Central) vs. M/s.Madhu Enterprises

ITTA/127/2025HC Telangana12 Feb 2025

Bench: The Learned

Section 132Section 143(3)Section 147Section 148Section 153ASection 260ASection 54F

153A read with Section 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 account in two tranches – ₹30 crores on 28.07.2011 and ₹60 crores on 29.07.2011. The AO noted that the Assessee had paid a certain