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4 results for “capital gains”+ Section 69Cclear

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Key Topics

Section 689Section 69C6Capital Gains3Unexplained Cash Credit3Addition to Income3Section 1482Deduction2

THE ACIT,, GUNTUR vs. SAI BHASKAR IRONS LIMITED,, GUNTUR

In the result, appeal of the revenue is dismissed

ITA 108/VIZ/2016[2012-13]Status: DisposedITAT Visakhapatnam21 Feb 2018AY 2012-13

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अऩीऱ सं./I.T.A.No.108/Viz/2016 (ननधधारण वषा/Assessment Year:2012-13) Asst.Commissioner Of Income Tax Vs. M/S.Sai Bhaskar Circle-2(1), Guntur Irons Limited 3-1-3/A, 3Rd Lane Rajendra Nagar Guntur [Pan :Aamcs1675G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Shri Deba K.Sonowala, Dr प्रत्यथी की ओर से / Respondent By : Shri I Kama Sastry, Ar सुनवधई की तधरीख / Date Of Hearing : 09.02.2018 घोषणा की तारीख/Date Of Pronouncement : 21.02.2018

For Appellant: Shri Deba K.Sonowala, DRFor Respondent: Shri I Kama Sastry, AR
Section 14Section 68

69C being treated separately, because such deemed income is not income from salary, house property, profits and 6 M/s Sai Bhaskar Iron Limited, Guntur gains of business or profession, or capital gains, nor is it income from 'other sources' because the provisions of sections

A HARSHITA,VISAKHAPATNAM vs. DCIT, CENTRAL CIRCLE-2, VISAKHAPATNAM

In the result, MA filed assessee is allowed and the appeals of

ITA 97/VIZ/2020[2014-15]Status: DisposedITAT Visakhapatnam15 Dec 2023AY 2014-15

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Respondent: Dr. Aparna Villuri, Sr. AR
Section 68Section 69C

section 69C also does not arise as the commission expenditure itself does not exist. The Ld. AR further submitted that since the Tribunal has found that the assessee was not involved in obtaining accommodation entries and having deleted the addition U/s. 68 of the Act, the addition made U/s. 69C of the Act by the Ld. AO treating the commission

A.AMMAJI ,VISAKHAPATNAM vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM

In the result, MA filed assessee is allowed and the appeals of

ITA 98/VIZ/2020[2014-15]Status: DisposedITAT Visakhapatnam15 Dec 2023AY 2014-15

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Respondent: Dr. Aparna Villuri, Sr. AR
Section 68Section 69C

section 69C also does not arise as the commission expenditure itself does not exist. The Ld. AR further submitted that since the Tribunal has found that the assessee was not involved in obtaining accommodation entries and having deleted the addition U/s. 68 of the Act, the addition made U/s. 69C of the Act by the Ld. AO treating the commission

INCOME TAX OFFICER, WARD-2(5), VISAKHAPATNAM vs. DUVVURU REKHA REDDY, KURMANNAPALEM

In the result, the cross objection filed by the assessee is allowed

ITA 450/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam24 Sept 2025AY 2017-18

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.450/Viz/2024 (निर्धारण वर्ा/ Assessment Year:2017-18) Vs. Income Tax Officer –Ward– 2(5) Duvvuru Rekha Reddy 2Nd Floor, Infinity Towers Flat No. 402, Vizag Profile Towers Sankaramatam Road Kurmannapalem Visakhapatnam - 530016 Visakhapatnam -530046 Andhra Pradesh [Pan:Afdpr3780C] सी.ओ सं. / C.O. No. 17/Viz/2024 [आयकरअपीलसं.से उत्पन्न/I.T.A.No.450/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2017-18)] Vs. Income Tax Officer –Ward– 2(5) Duvvuru Rekha Reddy 2Nd Floor, Infinity Towers Flat No. 402, Vizag Profile Towers Sankaramatam Road Kurmannapalem Visakhapatnam - 530016 Visakhapatnam - 530046 Andhra Pradesh [Pan:Afdpr3780C]

Section 10(38)Section 147Section 148Section 68

Capital Gain of Rs.1,94,13,599/- which is disclosed in the return of income filed in response to notice under section 148 of the Act. In support of the above submissions, assessee filed relevant evidence in support Page. No 3 I.T.A.No.450/VIZ/2024 C.O. No. 17/VIZ/2024 Duvvuru Rekha Reddy of the funds mobilised for investment in the Company Steel Exchange