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2 results for “capital gains”+ Section 50C(3)clear

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Key Topics

Section 260A6Section 2633Section 80C2

The Commissioner of Income Tax-IV vs. M/s Pokarna Limited

The appeals are dismissed

ITTA/273/2012HC Telangana18 Feb 2025

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

Section 260A

3. The assessee Company filed its return of income for assessment year 2005-06 on 31.10.2005 declaring a total income of Rs. NIL and paid taxes under Section 115JB of the Income-Tax Act, 1961 (for short, hereinafter referred to as `the Act’). The same was processed under Section 143(1) of the Act on 28.08.2006. The case was selected

The Director of Income Tax (Exemptions) vs. G Pulla Reddy Chritable Trust

In the result, the orders passed by the Commissioner of

ITTA/192/2015HC Telangana08 Oct 2015

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

Section 143(2)
Section 154
Section 260
Section 260A
Section 263
Section 50C
Section 80C

3. Thereafter a notice under Section 263 of the Act was issued by the Commissioner of Income Tax inter alia on the ground that income assessed as income from business in respect of sale of properties as income from capital gains to disallow interest on loan of purchase of property as deduction from sale consideration, to direct the Assessing Officer