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Income Tax Case Laws - Section: 54EC,

 

Income Tax


Cases for Section: 54EC,
 
Showing 1 to 15 of 72 Records
 

2014 (3) TMI 842 - ITAT AHMEDABAD

Alkaben B. Patel Versus The Income Tax Officer

Exemption u/s 54EC of the Act – Investment in NHAI bonds - Whether the investment of Rs.45 lacs was made within six months from the date of the transfer of the "Long Term Capital Asset" so as to qualify for the exemption u/s.54EC of the Act and wheth ......

2014 (1) TMI 1585 - KARNATAKA HIGH COURT

Commissioner of Income-tax Versus A. Suresh Rao

Exemption u/s 54EC and 54F - Held that:- Relying upon the decision in Smt. Saroj Aggarwal v. Commissioner of Income-tax [1985 (9) TMI 6 - SUPREME Court] - It is not necessary that after payment of cost of acquisition, a title deed is to be executed i ......

2014 (1) TMI 1443 - ITAT CHENNAI

M/s. Coromandel Industries Pvt. Versus Assistant Commissioner of Income-tax

Restriction of exemption u/s 54EC of the Act – Amount invested in long term bonds – Held that:- The decision in Smt. Sriram Indubal v. ITO [2014 (1) TMI 482 - ITAT CHENNAI ] followed - If the assessee is able to keep the six months limit from the da ......

2014 (1) TMI 603 - ITAT COCHIN

Shri KK. Venugopal Versus The Dy. CIT, Cir. 2(2), Ernakulam

Cost of improvement - Held that:- The original construction was made in 1991-92, therefore, the assessee would have spent considerable amount during the assessment year 2006-07 atleast for maintenance of the building, if not for improvement - The Tri ......

2014 (1) TMI 601 - ITAT COCHIN

Usha Devi Menon Versus ITO, Wd. 1(3), Thiruvananthapuram

Eligibility for exemption u/s 54EC - taxability of advance - Held that:- Under section 2(47)(v), if the possession was handed over as part performance of the agreement, then, there is a "transfer" within the meaning of section 2(47) of the Income-tax ......

2014 (1) TMI 482 - ITAT CHENNAI

Smt. Sriram Indubal Versus Income-tax Officer, Business Ward

Restriction of claim u/s 54EC of the Act – Held that:- Both the purchases made by the assessee were within the six months period - the exemption provision has to be construed not transaction-wise but, financial year-wise - if the assessee is able to ......

2014 (1) TMI 246 - MADRAS HIGH COURT

Late R. Krishnaswamy rep. by the legal heir K. Sridhar Versus Commissioner of Income Tax

Exemption u/s 54EC - Held that:- As per Transfer of Property Act, 1882 - Registration of sale deed alone completes the transfer - Four sale deeds came to be registered, on the consideration received for the purposes of Section 45 and Section 54EC of ......

2013 (11) TMI 924 - ITAT AHMEDABAD

Leh Holding Pvt. Ltd. Versus The A. CIT

Method of accounting – Cash system of accounting or Mercantile system of accounting - Whether assessee is bound to follow the same method of accounting on continuous basis and not permitted to change the same - Held that:- The assessee on its part su ......

2013 (11) TMI 910 - GUJARAT HIGH COURT

Commissioner of Income Tax Versus Polestar Industries

Deduction available u/s 54EC with capital gains u/s 50 - sale of depreciable assets – Held that:- There is nothing in Section 50 to suggest that the fiction created in Section 50 is not only restricted to Sections 48 and 49 but also applies to other ......

2013 (11) TMI 682 - ITAT MUMBAI

M/s Lalbhai Kalidas & Co. Versus Income Tax Officer 16(3) (2), Mumbai

Computation of capital gain u/s 50 - sale of depreciable assets - block of assets - AO rejected the claim of assessee of deducting actual cost of new office premises acquired during the previous year relevant to the assessment year under consideratio ......

2013 (11) TMI 669 - ITAT MADRAS

M NATARAJ Versus DEPUTY COMMISSIONER OF INCOME TAX

Valuation u/s 50C - whether deeming provision of section 50C are applicable where the entire capital gain is exempt u/s 54EC on investment - Held that:- Where a transaction calls for a computation specified under clause(b) of section 54EC(1), then it ......

2013 (11) TMI 576 - GUJARAT HIGH COURT

Commissioner of Income-tax Versus Aditya Medisales Ltd.

Exemption u/s 54EC - eligibility of capital gain from sale of depreciable assets being taxable as short term capital gain u/s 50 – overriding provisions – Held that:- Reliance has been placed on the judgment of Hon’ble Gauhati High Court in the case ......

2013 (11) TMI 518 - ITAT MUMBAI

Income-tax Officer, Ward - 2, Margas, Goa Versus Ms. Rania Faleiro

Deduction u/s 54EC - Investment in two years - The Assessee claimed the exemption of the Capital Gains amounting to Rs. 1,00,00,000 by making investment - The Assessee claims that he has invested the funds within 6 months and therefore is entitled fo ......

2013 (11) TMI 416 - ITAT MUMBAI

Shri Azad Zabarchand Bhandari Versus Assistant Commissioner of Income-tax, Circle - 19(3)

Exemption under section 54EC - Held that:- developer was held to have taken possession on account of the irrevocable licence granted to him to enter upon the property whereas in the instant case no such finding was given by the tax authorities. In fa ......

2013 (10) TMI 778 - ITAT HYDERABAD

B. Venu Madhav, Hyderabad. Versus Asst. Commissioner of Income- tax, Circle - 11(1), Hyderabad

Deduction u/s 54EC of the Income Tax Act – Classification of heads of Income – Whether the income from sale of land will fall under the head ‘Income from the head Capital gain’ or ‘Income from the business’ – Held that:- Reliance has been placed upon ......

 
   
 
 
 

 

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