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Income Tax Case Laws - Section: 50C


Income Tax

Cases for Section: 50C
Showing 1 to 15 of 212 Records

2014 (7) TMI 468 - ITAT HYDERABAD

M/s. Keerthi Industries Limited, Hyderabad Versus Income Tax Officer Ward 11(3), Hyderabad

Claim of set off and brought forward of unabsorbed depreciation – Held that:- Following GENERAL MOTORS INDIA PVT. LTD Versus DEPUTY COMMISSIONER OF INCOME-TAX [2012 (8) TMI 714 - GUJARAT HIGH COURT] - current depreciation is deductible in the first p ......

2014 (7) TMI 384 - ITAT MUMBAI

The Income Tax Officer Versus Mrs. Devila Pankaj Shah

Determination of Fair market value of property – Computation of capital gain -Sale consideration u/s 50C(2) - cost of acquisition as on 01.04.81 - value taken for wealth-tax purposes can be followed for capital gains purposes or not - Held that:- The ......

2014 (6) TMI 732 - ITAT HYDERABAD

Dy. CIT, Cir-16(2), Hyderabad Versus M/s. Mekins Agro Products Ltd.,

Accrual of capital gain - additions during remand proceedings - property given for development of a multi-storied under the development agreement - Receipt from sale of floor space – under valuation - applicability of section 50C - Held that:- Follow ......

2014 (6) TMI 495 - ITAT HYDERABAD

Mekins Agro Product(P) Ltd. Versus Income-tax Officer

Invocation of section 50C of the Act – Verification of sale deeds - Understated sale consideration – Cost of acquisition – Held that:- The AO and the CIT(A) has brought to tax the capital gains arising from both the transaction viz., the development ......


Commissioner of Income Tax Versus M/s. Gujarat Nre Coke Limited.

Disallowance of loss of foreign exchange fluctuation – Held that:- The Tribunal was rightly of the view that the increase or decrease in the value of the foreign loan would also be taken into account to modify the figure of actual loan in the year in ......

2014 (6) TMI 222 - ITAT CHENNAI

Shri. M. Kandasamy And Others Versus The Income Tax Officer

Rejection of sale consideration – Computation of LTCG – Valuation u/s 50C made by AO – Held that:- The assessees had sold two properties to M/s. Ponmudi Muthusamy Gounder Trust – CIT(A) has dismissed the appeals of the assessees on the ground that th ......

2014 (6) TMI 143 - ITAT MUMBAI

Victor Zachrias Pinto Versus The ITO Wd 4(4), Thane

Determination of LTCG as per section 50C of the Act – Valuation of property – Held that:- The assessee has filed a valuation report in support of his claim that the value adopted by the stamp duty valuation authority is on the higher side - the asses ......


Sunil Kumar Agarwal Versus Commissioner of Income Tax, Siliguri

Reference made to valuation officer u/s 50C(2) of the Act – Claim of exemption u/s 54EC of the Act - Sale consideration received is fully invested in bonds notified - Held that:- The valuation by the departmental valuation officer, contemplated u/s 5 ......


The Commissioner of Income Tax And Another Versus Late Bhakt Mohan L/H Smt. Urmila Mohan C/o. Smt. Nishi Gupta

Power to invoke section 263 of the Act – Valuation of property – Compliance of section 50C of the Act - Held that:- The Tribunal is right in saying that the CIT in its order has referred the contents of the notice and details relating to the valuatio ......

2014 (5) TMI 71 - ITAT AGRA

Income-tax Officer, Versus Shri Haresh Chand Agarwal, HUF, Agra

Validity of re-assessment proceedings u/s 147/148 of the Act - full value of consideration u/s 50C of the Act - Held that:- There is no material available with the AO to form his opinion that income has escaped assessment - All material evidences wer ......

2014 (5) TMI 46 - ITAT MUMBAI

ITO 18(1) (3), Mumbai Versus M/s. D. Chetan Kumar & Co.

Deletion of STCG - Valuation of asset –Held that:- The decision in M/s Lalbhai Kalidas & Co. Versus Income Tax Officer 16(3) (2), Mumbai [2013 (11) TMI 682 - ITAT MUMBAI] followed - FAA was of the view that a reading of section 43 clause (c) indicate ......

2014 (4) TMI 1017 - DELHI HIGH COURT

Commissioner of Income Tax -Delhi -I Versus Agile Properties Pvt. Ltd.

Discrepancies in valuation of investment – Investment in agricultural property – Fair market value - stamp value u/s 50C - Held that:- Following Commissioner of Income-tax Versus Dinesh Jain HUF [2012 (10) TMI 158 - DELHI HIGH COURT] - the error comm ......

2014 (4) TMI 399 - ITAT HYDERABAD

Income Tax Officer ward 8(1), Hyderabad Versus Shri Harinath Choudary, Hyderabad

Assessability of capital gains of property – Development agreement - Whether it is assessable in the year in which the development agreement was entered into or in the relevant subsequent year in which the area duly developed and constructed coming t ......

2014 (4) TMI 349 - ITAT HYDERABAD

Smt. Bhavya Anant Udeshi, Hyderabad Versus The Income Tax Officer (International taxation)

Taxability of capital gain on transfer of property u/s 50C of the Act – Computation of LTCG – Held that:- There is no evidence regarding payment of consideration by the transferee and also taking possession of the immovable property immediately after ......

2014 (3) TMI 506 - ITAT HYDERABAD

The Income Tax Officer Versus Smt. Chitti Parvatha Vardhanamma, Hyderabad

Valuation of property - Addition made on the basis of the value of the property adopted by the SR for stamp duty purposes – Held that:- The factors cannot be acted upon by the authorities for the reason that section 50C is a deeming section - Any rel ......

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