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2 results for “capital gains”+ Section 43Aclear

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Key Topics

Section 2603Section 260A3Section 352Section 102Disallowance2Addition to Income2

THE PRL COMMISSIONER OF INCOME TAX [CENTRAL] HYDERABAD vs. M/S SREE NAGENDRA CONSTRUCTIONS, KHAMMAM

In the result, appeal stands dismissed

ITTA/490/2016HC Telangana21 Aug 2018

Bench: This

Section 10Section 260Section 260ASection 35Section 43

gain or loss would be on capital account and not taxable cannot be faulted with. Hence, the challenge made by the Revenue on this issue is answered against the Revenue and in favour of the assessee.” In view of the aforesaid, these substantial questions of law are answered in favour of the assessee and against the Revenue. Re. substantial question

The Commissioner of Income- Tax - V, vs. M/s. Krishnaveni Constructions,

ITTA/37/2010
HC Telangana
22 Mar 2016

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 143Section 260Section 260A

capital requirements as was not related as otherwise noted by the Assessing Officer claimed as interest on forward contracts for - 15 - investment in shares of companies which investment increased from Rs.102 crores to Rs.380 crores. Justifiably the learned counsel pointed out the issue in accordance with the provisions of section 43A distinguishing the capital/revenue nature imbibed therein to result