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2 results for “disallowance”+ Section 54F(1)clear

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Key Topics

Section 54F5Section 2633Section 1432Section 1472Section 143(3)2Section 153A2Capital Gains2

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

1) of the act, the said section would not apply if the assessee owned more than one residential house. Clause (i) of the proviso to Section 54F of the Act is extracted below: “Section 54F. Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house. *** *** *** Provided that nothing contained in this

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

ITTA/742/2017HC Telangana29 Nov 2017

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

For Appellant: Mr. K.Raji Reddy
Section 143Section 2Section 263

disallow the claim of exemption under Sections 54EC and 54F, after giving opportunity of being heard to the assessee. This order was appealed by the assessee by filing I.T.A.No.178/Vizag/2015. On similar facts, another assessee by name Y.V.Ramana, also filed an appeal in I.T.A.No.177/Vizag/2015. Both were heard together and disposed of by a common order, which is assailed