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399 results for “capital gains”+ Section 54Bclear

Sorted by relevance

Delhi68 Chandigarh65 Indore56 Surat34 Ahmedabad32 Pune24 Jaipur19 Chennai17 Bangalore12 Raipur10 Rajkot8 Mumbai8 Nagpur6 Patna5 Agra5 Kolkata4 Amritsar4 Cochin4 Hyderabad4 Dehradun4 Jodhpur4 Jabalpur2 Cuttack2 Varanasi1 Visakhapatnam1

Key Topics

Section 54B190 Section 143(3)80 Addition to Income71 Section 14766 Section 54F65 Section 26360 Deduction56 Long Term Capital Gains40 Section 14838 Exemption

GURUVENDRA SINGH ,KOTA vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, KOTA, KOTA

In the result, appeal of the assessee is allowed

ITA 144/JPR/2023[2016-17]Status: DisposedITAT Jaipur07 Dec 2023AY 2016-17

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

For Appellant: Sh. Rohan Sogani (CA)For Respondent: Sh. A. S. Nehra (Addl. CIT) a

Section 142(1)Section 143(2)Section 143(3)Section 548Section 54B

Capital Gain. of claiming benefits under  However, exemption under Section 54B was restricted to long term Section 54B. capital gain

Showing 1–20 of 399 · Page 1 of 20

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35

Capital Gains33

DCIT, CIRCLE 52(1), NEW DELHI vs. BHUPINDER SINGH BHALLA, NEW DELHI

Appeal of the revenue is dismissed

ITA 2964/DEL/2023[2016-17]Status: DisposedITAT Delhi13 Feb 2026AY 2016-17

For Respondent: \nShri Jitender Singh, CIT-DR

Section 142(1)Section 142(3)Section 143(1)Section 143(2)Section 143(3)Section 250Section 54B

54B\nof the Act, where the deduction on capital gains for the land being used for\nagricultural purposes is allowed on the capital gains arising to the assessee on sale\nof the land as per the conditions laid down in the said section

SREENIVASULU SAGALETI,BENGALURU vs. INCOME TAX OFFICER, WARD-2(2)(2), BENGALURU

In the result, appeal filed by the assessee is allowed

ITA 2493/BANG/2024[2018-19]Status: DisposedITAT Bangalore16 May 2025AY 2018-19

Bench: Shri. Laxmi Prasad Sahuandshri.Keshav Dubeyassessment Year :2018-19

For Appellant: Shri. Sandeep Chalapathy, CAFor Respondent: Shri. Ganesh R Gale, Standing Counsel for Department

Section 139Section 139(1)Section 54FSection 54F(1)Section 54F(4)

54B or sub-section (2) of section 54D or sub-section (4) of section 54F or sub-section (2) of section 54G or sub-section (2) of section 54GB , shall utilise the whole or any part of the amount so withdrawn for the purposes specified in sub-section (1) of the section in relation to which the deposit has been

MR. JOBANJI THAKOR,AHMEDABAD vs. THE ITO. WARD-3(2)(2), AHMEDABAD

Appeal is partly allowed

ITA 264/AHD/2019[2015-16]Status: DisposedITAT Ahmedabad26 Feb 2025AY 2015-16

Bench: SHRI T.R. SENTHIL KUMAR, JUDICIAL MEMBER\nAND\nSHRI MAKARAND V. MAHADEOKAR, ACCOUNTANT MEMBER\nआयकर अपील सं/ITA No.264/Ahd/2019\nनिर्धारण वर्ष / Assessment Year : 2015-16\nMr. Jobanji Thakor\nThe ITO\nF-40, Abugiri Society\nबनाम / Ward-3(2)(2)\nTal. Daskroi, Jagatpur\nv/s.\nAhmedabad\nAhmedabad - 382 470\nस्थायी लेखा सं./PAN: AKNPT 2930 M\n(अपीलार्थी/ Appellant)\n(प्रत्यर्थी / Respondent)\nAssessee by:\nShri Mehul K. Patel, AR\nRevenue by :\nShri A.P. Singh, CIT-DR\nसुनवाई की तारीख/Date of

For Appellant: \nShri Mehul K. Patel, ARFor Respondent: \nShri A.P. Singh, CIT-DR

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 2(14)(iii)

gain before exemption\nLess: Deduction under Section 54B (Investment in\nagricultural land)\nLess: Deduction under Section 54F (Investment in\nresidential house)\nTotal deductions claimed under Sections 54B and 54F\n(rounded off)\nFinal long-term capital

INDIRA GIRI,JAIPUR vs. ASSESSING OFFICER, INCOME TAX DEPARMENT JAIPUR

The appeal of the assessee is allowed

ITA 511/JPR/2023[2016-17]Status: DisposedITAT Jaipur02 Jan 2024AY 2016-17

Bench: The Due Date Of Furnishing Itr, Therefore Deposit In Capital Gain Account For Compliance U/S 54(2) Was Impossible On The Part Of The Assessee.

For Appellant: Shri Sandeep Manik (C.A.)For Respondent: Shri Anup Singh (Addl.CIT) a

Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 54Section 54(2)Section 54F

CAPITAL GAINS “Under the existing provisions of Section 54, 54B, 54D and 54F, long-term capital gains arising from the transfer

SHRI RAJESH RAMCHANDRA DAKE,PANVEL vs. DY CIT CC-1, MUMBAI

ITA 3/MUM/2021[2008-09]Status: DisposedITAT Mumbai23 Jan 2025AY 2008-09

For Appellant: \nShri Rajesh Ramchandra DakeFor Respondent: \nDy. Commissioner of Income Tax

Section 10Section 132Section 139(1)Section 143(1)Section 143(3)Section 153ASection 250

54B. (1) Subject to the provisions of sub-section (2), where the capital gain arises from the transfer of a capital

OMPRAKASH,DHOLPUR vs. ITO WARD 4 BHARATPUR, BHARATPUR

In the result, the both the appeals of the assessee are allowed for statistical\npurposes as indicated hereinabove\nOrder pronounced in the open court on\n17/01/2025

ITA 1255/JPR/2024[2012-13]Status: DisposedITAT Jaipur17 Jan 2025AY 2012-13

For Appellant: Shri Rahual Pandya, AdvFor Respondent: Shri Gautam Singh Choudhary (JCIT-DR)

Section 147Section 148oSection 2(14)Section 271(1)(C)Section 45

54B for total purchase\nprice of new agricultural land or long-term capital gain arising from sale of agricultural\nland, whichever was lower - Held, yes [Para 8] [In favour of assessee]".\n2.i.Therefore the learned Assessing Authority grossly erred in law and facts in making\nadditions of Rs.9,86,770/- U/s 45 Long term capital Gain infact the provisions of Section

SHUVRO CHATTARAJ,KOLKATA vs. PCIT , BURDWAN

In the result, the appeal of the assessee is partly allowed

ITA 226/KOL/2022[2015-16]Status: DisposedITAT Kolkata28 Aug 2024AY 2015-16

Bench: Shri Rajpal Yadav & Shri Rakesh Mishraassessment Year: 2015-16

For Appellant: Shri Vinod Kumar Jain, FCAFor Respondent: Shri Subhendu Datta, CIT, DR

Section 143(3)Section 263Section 54E

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(4), BENGALURU vs. ALAGAPPA ANNAMALAI (HUF), BENGALURU

The appeals of the assessees are allowed\nand revenue appeals are dismissed

ITA 955/BANG/2024[2017-18]Status: DisposedITAT Bangalore12 Aug 2024AY 2017-18

gains arising from\nthe transfer of a capital asset effected in the\nprevious year shail, save as otherwise\nprovided in sections 54,54B

SRI ALAGAPPA ANNAMALAI(HUF),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(4), BANGALORE

In the result, both the appeals of the assessees are allowed\nand revenue appeals are dismissed

ITA 776/BANG/2024[2017-18]Status: DisposedITAT Bangalore12 Aug 2024AY 2017-18

gains arising from\nthe transfer of a capital asset effected in the\nprevious year shail, save as otherwise\nprovided in sections 54,54B

RAVINDRABHAI SHANKARBHAI PATEL,VADODARA vs. THE ITO, WARD-1(2)(5) NOW ITO, WARD-1(2)(2), VADODARA

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 1061/AHD/2025[2015-16]Status: PendingITAT Ahmedabad29 Jan 2026AY 2015-16

Bench: Dr. B.R.R. Kumar, Vice-Shri Siddhartha Nautiyalthe Ito Ravindrabhai Shankarbhai Vs. Ward-1(2)(5). Patel Now Ito, Ward-1(2)(2) 86,Kanha Residency Vadodara – 390 007 Kalali Road, Kalali Ahmedabad – 390 012 [Pan : Aigpp 8415 M] (Appellant) (Respondent) .. Assessee Represented By : Ms. Urvashi Shodhan, Ar Revenue Represented By : Shri Abhijit, Sr.Dr Date Of Hearing 27/11/2025 Date Of Pronouncement 29/01/2026

Section 139(1)Section 139(4)Section 143(3)Section 144ASection 54BSection 54F

gains arising therefrom were duly invested in accordance with the provisions of sections 54B and 54F of the Act. The assessee claimed deduction under section 54B on account of purchase of two agricultural lands and deduction under section 54F on account of purchase of a residential plot, and after such investments, no taxable capital

RITA GUPTA,KOLKATA vs. DCIT, CEN. CIR.2(2), KOLKATA

In the result, the appeal of the assessee is allowed

ITA 46/KOL/2024[2014-15]Status: DisposedITAT Kolkata06 Jun 2024AY 2014-15

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

Section 10(38)Section 132Section 2(14)Section 45Section 45(1)Section 47

gain arising from the transfer of a capital asset effected in the previous year shall ,save as otherwise provided in Sections 54,54B

SRI ALAGAPPA MUTHIAH(HUF),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-2(4), BANGALORE

In the result, both the appeals of the assessees are allowed\nand revenue appeals are dismissed

ITA 775/BANG/2024[2017-18]Status: DisposedITAT Bangalore12 Aug 2024AY 2017-18

gains arising from\nthe transfer of a capital asset effected in the\nprevious year shail, save as otherwise\nprovided in sections 54,54B

ARUN SHUNGLOO TRUST

ITA/116/2011HC Delhi13 Feb 2012

Section 2Section 45Section 48Section 49(1)

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B

SHAHNAJ,NEAR BHERUDANJI WELL vs. INCOME TAX OFFICER, WARD-2, INCOME TAX OFFICE

In the result, the appeal of the assessee is allowed

ITA 712/JODH/2024[2013-14]Status: DisposedITAT Jodhpur01 Jan 2025AY 2013-14

Bench: Dr. S. Seethalakshmi & Dr Mitha Lal Meenasmt. Shanaj Vs The Ito W/O Shri Aslam Khan Ward-2, Churu, Near Bherudan Ji Well,Ward No. 22 Churu Sardarshahar,Churu – 331 403 (Appellant) (Respondent) Pan No. Fpmps 3570 D

Section 139Section 147Section 148Section 151Section 50CSection 54F

gains, is very important for two reasons ~ first, that the cost of acquisition for tenancy rights, under section 55(2)(a), is, unless purchased from a previous owner ~ which is admittedly not the case here, treated as ‘nil’; and, - second, since the Provisions of section 50C can only be applied in respect of “transfer by an assessee of a capital

SUSHILA BHAURAO DESHMUKH,AMRAVATI vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1, NAGPUR

In the result, appeal filed by the assessee is allowed

ITA 76/NAG/2022[2017-18]Status: DisposedITAT Nagpur20 Sept 2024AY 2017-18

Bench: Shri V. Durgarao & Shrik.M. Roy, Accountant, Member

For Appellant: ShriK.P. DewaniFor Respondent: Shri Sandeep Salunke

Section 143(3)Section 263Section 263(1)Section 54BSection 54E

54B. (1) Subject to the provisions of sub-section (2), where the capital gain arises from the transfer of a capital

GOVERDHAN LAL YADAV,INDORE vs. INCOME TAX OFFICER-3(5), INDORE

Appeal is allowed

ITA 854/IND/2024[2015-16]Status: DisposedITAT Indore24 Jul 2025AY 2015-16

Bench: Shri B.M. Biyani & Shri Paresh M. Joshiassessment Year : 2015-16 Goverdhan Lal Yadav, Ito-3(5) 112/12, Nanda Nagar, Indore बनाम/ Opp. Anoop Takies, Vs. Indore (Revenue / Appellant) (Assessee / Respondent) Pan: Aaypy9432A Assessee By Shri Venus Rawka, Ar Revenue By Shri Anoop Singh, Cit-Dr Date Of Hearing 22.07.2025 Date Of Pronouncement 24.07.2025 आदेश/ O R D E R

Section 143(3)Section 253(5)Section 54B

section 54B which is not disputed by AO. However, the sole reason of denial of exemption u/s 54B as assigned by AO in assessment- order is such that assessee did not follow the procedure of depositing capital gain

ADHI KUMARA GURU,CHENNAI vs. DCIT, NCC-22(1), CHENNAI

In the result, the appeal filed by the assessee is allowed

ITA 120/CHNY/2025[2014-15]Status: DisposedITAT Chennai05 Jan 2026AY 2014-15

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri Amitabh Shuklaमाननीय "ी मनु कुमार िग"र, "ाियक सद" एवं माननीय "ी अिमताभ शु"ा, लेखा सद" के सम"

For Appellant: Mr. P.M. Kathir, Advocate for Mr.G.Baskar, AdvocateFor Respondent: Ms. R Anitha, Addl.CIT

Section 143(2)Section 143(3)Section 147Section 148Section 54F

section 147 of the Income Tax Act, 1961 [‘ACT’ in short] [‘ACT’ in short], for the Assessment Year 2014 Assessment Year 2014-15, was confirmed. 2. Briefly stated, the stated, the assessee is an individual who filed his Return is an individual who filed his Return of Income for the relevant assessment year on 19.02.2015. During of Income

VISHAL GIFT CENTRE - LLP,INDORE vs. ACIT CENTRAL CIRCLE - 1, INDORE

Appeal is allowed for statistical purposes

ITA 347/IND/2024[2019-20]Status: DisposedITAT Indore30 Oct 2025AY 2019-20

Section 143(3)Section 2(14)(iii)Section 54B

gain after the date of diversion\nshall be chargeable to tax during the year under consideration as arising\nfrom 'diverted/non-agricultural land', the exemption u/s 54B would not be\navailable to assessee against such portion because the section 54B grants\nexemption only against capital

SHRI JIGNESH JAYSUKHLAL GHIYA,VADODARA vs. THE DCIT CIRLCE-4(2), VADODARA

In the result, the appeal filed by the Assessee is allowed

ITA 324/AHD/2020[2013-14]Status: DisposedITAT Ahmedabad07 Aug 2024AY 2013-14

Bench: Shri T.R. Senthil Kumar (Judicial Member), Shri Narendra Prasad Sinha (Accountant Member)

Section 139(1)Section 139(4)Section 143(3)Section 54Section 54F

section 54B(1) of the Act. It is apparently the case of the assessee that the embargo placed under s 54B(2) is that the un- utilized capital gain