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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

1)  Any profits   or gains  arising  from  the  transfer   of   a   capital   asset   effected   in   the  previous  year  shall,  save  as otherwise  provided  in  sections 54,  54B,  54D,  54E,  54EA,  54EB,  54F

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

1)  Any profits   or gains  arising  from  the  transfer   of   a   capital   asset   effected   in   the  previous  year  shall,  save  as otherwise  provided  in  sections 54,  54B,  54D,  54E,  54EA,  54EB,  54F

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

1)  Any profits   or gains  arising  from  the  transfer   of   a   capital   asset   effected   in   the  previous  year  shall,  save  as otherwise  provided  in  sections 54,  54B,  54D,  54E,  54EA,  54EB,  54F

PRINCIPAL COMMISSIONER OF INCOME TAX-I vs. A.V. V. VARAPRASAD

Bench: C.V.NAGARJUNA REDDY,T.AMARNATH GOUD

54F of the Act, are computed from the said date, the investments of the sale proceeds by the assessee fall beyond the periods of 6 months and 2 years respectively and that, therefore, he is not entitled to claim exemption from the capital gains. 5. The Tribunal on reconsideration of the facts in their entirety, concurred with the view

SMT. SHANTHA VIDYASAGAR ANNAM vs. INCOME TAX OFFICER, WARD-4(2) HYDERABAD

In the result, the orders dated 09

Bench: J SREENIVAS RAO,ALOK ARADHE

54F of the Act. The assessing officer, therefore, determined the taxable capital gain at Rs.13,7g,9OO/_ rrnd held that the assessee is iiable to pay a total tax of Rs.7,5 O,6Zit/ - along with interest under Sections 2344. and.234Bof the Act. 4 4 6. The assessee challenged the aforesaid order in an appeal. The Commissioner of Income