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Income Tax Case Laws - Section: 50C

 
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Cases for Section: 50C
Showing 16 to 30 of 247 Records
 

2014 (10) TMI 710 - ITAT KOLKATA

Income-tax Officer Versus M/s. Onkarmal Kajaria Family Trust

Reference made u/s 55A - Transaction of immovable property against the actual deed of conveyance – Adoption of FMV as on 01.04.1981 - Computation of LTCG – Held that:- The long term capital gains arising out of transaction of this property will be as ......

2014 (11) TMI 4 - ITAT DELHI

DCIT, Circle 32(1), New Delhi Versus Sh. Ganga Singh C/o. Ms. Seema Sahai

Benefit of indexation not given – Computation of capital gain for sale of two plots – No evidence for ascertainment of date - Held that:- As decided in ARUN SHUNGLOO TRUST Versus CIT [2012 (2) TMI 259 - DELHI HIGH COURT] - the cost of acquisition as ......

2014 (10) TMI 542 - MADRAS HIGH COURT

A. Jesu Rajendran Versus The Commissioner of Income Tax

Maintainability of writ petition - AO rejected the request of assessee to refer the matter to DVO u/s 50C - alternative remedy - Held that:- As the purchaser, which was a Government concern, has not taken any steps u/s 47A of the Indian Stamp Act and ......

2014 (11) TMI 525 - ITAT MUMBAI

The Asst. Commissioner of Income tax Versus M/s. Dilip Nabera (HUF)

Application of section 50C and addition to be made u/s 69C – Held that:- Both the sections operate independently i.e. to say that section 50C shall bet attracted where there is a transfer of property by the assessee and receives sales consideration - ......

2014 (10) TMI 783 - BOMBAY HIGH COURT

Commissioner of Income Tax Versus M/s. Fortune Hotels And Estates Pvt. Ltd.

Penalty u/s 271(1)(c) – Addition of deemed income u/s 50C - Whether the Tribunal was right in holding that the penalty cannot be imposed with reference to addition of deemed income u/s 50C – Held that:- The Tribunal was rightly of the view that this ......

2015 (2) TMI 548 - ITAT MUMBAI

PRAKASH SHANTILAL PAREKH Versus THE INCOME TAX OFFICER - 19(2) (4) MUMBAI

Validity of reopening of assessment - assessee has offered capital gain from the sale of immovable property in the assessment year 2008-09 - Held that:- Since the assessee has not filed any return of income for the assessment year under consideration ......

2014 (9) TMI 497 - ITAT AMRITSAR

Nitco Logistics Pvt. Ltd. Versus Joint Commissioner of Income Tax

Nature of receipts - Dharmarth Receipts OR not – Whether the provisions of Section 50C of the Act are applicable to the case of a purchaser also - Held that:- The income under the head "capital gains" is applicable to the sale of immovable property, ......

2014 (10) TMI 747 - PUNJAB & HARYANA HIGH COURT

The Commissioner of Income Tax Versus Shri Gurdip Singh Sidhu

Applicability of section 50C - Cases of transfer of land or building where the transaction was not registered with the stamp duty valuation authority within the purview of section 50C or not - Valuation of agricultural land as on 1.1.1981 – Held that ......

2014 (10) TMI 608 - ITAT HYDERABAD

K. Rama Swamy, K. Amarnath, K. Ashok Kumar Versus Income Tax Officer

Computation of capital gain u/s 50C(1) – Adoption of FMV determined by the Stamp Valuation Authority for the purpose of stamp duty - Capital gains on sale of agriculture - land Held that:- Land sold is a capital asset as defined u/s 2(14) of the Act ......

2014 (8) TMI 719 - ITAT MUMBAI

Asstt. Commissioner of Income Tax Versus M/s. Manubhai A. Sheth Larger (HUF)

Computation of LTCG on sale of two plots of land – Valuation of stamp duty – Held that:- Following the decision in Asst. Commissioner of IT. 12(1), Mumbai Versus M/s Manubhai A Sheth Larger HUF [2012 (9) TMI 682 - ITAT MUMBAI] - The property had alr ......

2014 (9) TMI 13 - MADRAS HIGH COURT

Appadurai Vijayaraghavan Versus The Joint Commissioner of Income Tax (OSD), Income Tax Department

Applicability of section 50C – Adoption of valuation made by DVO - Evidentiary value of registered document – LTCG on transfer of capital asset - Held that:- Relying upon S.Muthuraja V. CIT [2013 (8) TMI 40 - MADRAS HIGH COURT] -when an objection is ......

2014 (9) TMI 3 - MADRAS HIGH COURT

Mrs. Sakunthala Vedachalam, Mrs. Vanitha Manickavasagam Versus The Assistant Commissioner of Income Tax

Nature of land sold – Agricultural or not – Invocation of section 50C – Exemption of LTCG - Whether the lands sold by the assessees are agricultural lands and whether they are entitled to the benefit of exemption from capital gains tax – Held that:- ......

2014 (8) TMI 600 - DELHI HIGH COURT

CIT –XI Versus Mr. Lajpat Rai Taneja

Invocation of section 50C – Circle rate referred at starting point – Addition u/s 69 – Held that:- The difference between the circle rate and the amount paid was brought to tax as unexplained investment - Revenue has not relied upon Section 50C of th ......

2014 (8) TMI 61 - ITAT DELHI

Income Tax Offier Versus Shri Laxman Giri

Penalty u/s 271(1)(c) – Capital gains liability u/s 50C – Held that:- The calculation of capital gains was ‘nil’ and on this belief transaction was not disclosed in assessee’s return of income - the assessee became liable for capital gain and he offe ......

2014 (12) TMI 71 - ITAT PUNE

Income Tax Officer, Ward- 4 Versus Shri Manohar Shridhar Patil

Assessability of transaction in respect of sale of lands – Co-owner of the land – Assessee or M/s Viraj Estates Pvt. Ltd. liable to be taxed – Whether the income arising as a result of the Development Agreement dated 30.12.2003 executed by assessee a ......

 
   
 
 
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