2013 (12) TMI 194 - ITAT HYDERABAD
The ACIT, Circle-6(1), Hyderabad Versus N. Raghu Varma
Deduction u/s 54B – The land was continuously used by the assessee for agricultural purposes - The agricultural income from the said property has been declared by the assessee in his return of income - Held that:- The land was entered in the revenue ......
2013 (9) TMI 559 - ITAT HYDERABAD
Smt. Gousia Begum And Others Versus Dy. Commissioner of Income-tax And Others
Agricultural income or not - AO denied the exemption and treated the same as income from other sources - Held that:- finding of the lower authorities goes against the revenue records which show that the land was under cultivation during the financia ......
2013 (9) TMI 237 - ITAT COCHIN
Shri Anwar Sadath and others Versus The Assistant Commissioner of Income-tax and others
Computation of capital gain - Capital asset or agricultural land - Sale of land - Difference between sale consideration shown in agreement to sell and conveyance deed - Held that:- certificates issued by village officer and the revenue authority - t ......
2013 (8) TMI 737 - ITAT COCHIN
Tony J Pulikal Pulickal House, Dr Xavier J Pulikkal Versus The Dy. CIT Cent. Cir. 1, Kochi
Disallowance of exemption u/s 54F - investment in residential house - The dispute is with regard to the area of the land which is required for convenient enjoyment of 254.94 sq.mts of residential house. - Deposit in capital gain deposit scheme - date ......
2013 (8) TMI 188 - ITAT MUMBAI
ITO-24(3) (4), Mumbai Versus Smt. Roocha V. Bivalkar
Addition u/s 68 - Portfolio Investment in Shares - CIT(A) deleted the addition - Held that:- The impugned investments are not related to the previous year to the assessment year under consideration. When the fact being so the provisions of Section 68 ......
2013 (4) TMI 607 - ITAT COCHIN
Ms. Archana Mohan Versus The Assistant Commissioner of Income-tax
Exemption u/s 54B denied - Held that:- It is pertinent to note that the assessee herein held the impugned land jointly along with her elder sister who did not claim the impugned land as an agricultural land. Under these circumstances, it is unable to ......
2013 (4) TMI 606 - ITAT COCHIN
Dr. Mampilly Antony Versus The Deputy Director of Income-tax (International Taxation)
Non-signing of the copy of assessment order - as per the assessee copy of the assessment order served upon him was not signed by AO hence, the entire assessment has to be treated as invalid - assessee is a non-resident and is a practicing Ophthalmolo ......
2013 (1) TMI 545 - KERALA HIGH COURT
SMT. ASHA GEORGE Versus THE INCOME TAX OFFICER. WARD 2(1). THRISSUR
Entitlement to exemption u/s 54B - Appellant had 1/4th share in 1.10 acres of land in Ayyanthole Village sold for Rs.44 lakhs on 14.11.2004 - Whether the subsequent purchase of land (at Koothattukulam) in which a farm house is situated satisfied the ......
2012 (12) TMI 900 - ITAT INDORE
Income-tax Officer-5(1), Indore Versus Ashok Shukla
Capital gain - Nature of land - Sale of agricultural land – Exemption u/s 54B - Whether self-cultivated land will only be treated as agricultural land – Agricultural operation was carried out by brother of assessee on the said land – Held that:- Ther ......
2012 (12) TMI 520 - ITAT HYDERABAD
DCIT, C. C-2, Hyderabad Versus Smt. M. Pochamma & Others
Chargeability to Capital Gain Tax - Valaution - nature to two different transaction - land development agreement as well as sale of developed land - Conversion of Agricultural land into Housing Plots - held that:- When the Assessing Officer himself ......
2012 (12) TMI 280 - ITAT, HYDERABAD
Assistant Commissioner of Income-tax, Versus Ch. Laxmamma,
Capital gains - transfer of agriculture land - alleged that the land sold was located within a distance of eight kilometers from the limits of the Hyderabad Municipal Corporation and, therefore, was a capital asset within the meaning of section 2(14) ......
2012 (10) TMI 659 - ITAT AGRA
Deputy Commissioner of Income-tax, Circle-1, Agra Versus Tej Singh
Addition on account of long term capital gain – compulsory possession - dispute pending before HC - Held that:- the provisions of section 2(47) (iii) and (v) section 45(5) would not apply in the case of the assessee - Merely because full considerati ......
2012 (9) TMI 160 - MADRAS HIGH COURT
Mr. P. Hariharan Versus The Commissioner of Income Tax
Non satisfying of conditions stipulated u/s 54B - assessment u/s 143(3) - recovery proceedings - Held that:- As the bank account of the petitioner in the State Bank of India and certain immovable properties had been attached pursuant to the said asse ......
2012 (8) TMI 178 - ITAT CHENNAI
G. Babu Versus Income-tax Officer, Ward III(2), Coimbatore
Disallowance of exemption under section 54B of the Income Tax Act – assessee alleged that he is the owner of agricultural land - assessee sold land in the relevant previous year - From his share of sale consideration, the assessee purchased another p ......
2012 (7) TMI 393 - ITAT HYDERABAD
The Asst. Commissioner of Income-tax, Hyderabad Versus M/s. Mali Suresh (HUF)
Exemption under section 2(14) of the Act - agriculture land versus capital asset - transferred by the assessee - which is not notified by the Central Government for the purpose of treating the same as capital asset as required by u/s. 2(14)(iii)(b) o ......