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Income Tax Case Laws - Section: 50C


Income Tax

Cases for Section: 50C
Showing 16 to 30 of 222 Records

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 ......

2014 (3) TMI 356 - ITAT CHENNAI

Shri. C. Sugumaran Versus The Assistant Commissioner of Income Tax

Sale of property – Power of Attorney (POA) was cancelled - assessment in the hands of assessee as an agent or as property owner - Assessment of capital gain u/s 50C of the Act – Fair market value of the property for the purpose of indexation – whethe ......

2014 (3) TMI 294 - ITAT DELHI

Deputy Commissioner of Income Tax Versus M/s Mani Capital Limited

Deletion of disallowance of interest – Interest free advance given – Held that:- The CIT(A) has recorded the finding that the advances were for the purpose of business because the assessee is in the business of real estate, share trading etc. and the ......

2014 (3) TMI 288 - ITAT MUMBAI

Asha Khatiwala Jayshree Versus ITO-2(3) (2), Mumbai

Nature of Asset - Whether the development arrangement entered into by the owners is in furtherance of their business activity of real estate development or is only toward realizing a capital asset - No capital gains arises to the assessee prior to A. ......

2014 (3) TMI 263 - ITAT HYDERABAD

Lt. Col. PRS. Rao (Retd) Versus Income Tax Officer

Determination of fair market value of the property for the purpose of computation of capital gains – Held that:- The assessee has not been able to submit any evidence or any material to show that the FMV adopted by him, is the actual market value of ......

2014 (3) TMI 255 - ITAT KOLKATA

M/s. Cellica Developers Pvt. Ltd. Versus Deputy Commissioner of Income Tax

Deletion made u/s 14A of the Act – Held that:- Rule 8D(1) specifically states that determination of disallowance under Sub-Rule (2) can be done only when Assessing Officer is not satisfied with the correctness of the claim of expenditure made by the ......



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