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Income Tax Case Laws - Section: 54F


Income Tax

Cases for Section: 54F

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Showing 1 to 15 of 244 Records



Applicability of block assessments as per section 158BB - return of income had been filed by the assessee beyond the date prescribed under section 139(1) - Held that:- It is clear that the income unearthed on the basis of evidence found as a result o ......

2015 (2) TMI 451 - ITAT HYDERABAD

Sri Pradeep Kumar Chowdhry, Hyderabad Versus The Deputy CIT Circle-1(1) Hyderabad

Benefit under section 54F - whether the amount of consideration received on transfer invested by the assessee in a flat constructed within three years would amount to construction of a residential house within the time limit of three years? - Held t ......

2015 (2) TMI 313 - ITAT MUMBAI

Shri Chandrakant S. Choksi HUF Versus The Asst. Commissioner of Income-tax Circle 18(1) Mumbai.

Deduction under provision of section 54F disallowed - long term capital gain on account of sale of shares of Hindustan Platinum Private Limited invested for acquisition of rights in a property - How the constructed building can be sold without owners ......

2015 (2) TMI 149 - ITAT BANGALORE

Dr. R. Balaji Versus Dy. Commissioner of Income Tax, Circle 5(1), Bangalore

Exemption under section 54F denied - Held that:- The claim of the assessee is that the house was habitable and there is no material evidence brought on record by the lower authorities to controvert the averments of the assessee or to disbelieve the ......

2015 (1) TMI 1056 - ITAT PUNE

Ashok Sudam Dhore Versus Income Tax Officer

Revision u/s 263 - jurisdiction of CIT(A) challenged - claim of exemption u/s 54F allowed by AO - debatable issue - Held that:- It is a settled law that an issue on which two views are possible, and the Assessing Officer has followed one of them, it ......

2015 (1) TMI 1013 - ITAT PUNE

Shri Vittal Shripati Ladkat Versus The Asst. Commissioner of Income Tax

Invoking the jurisdiction under section 153C r.w.s. 153A of the Act - addition to capital gain - Held that:- Assessing Officer was holding the jurisdiction of the person searched under section 132 of the Act, from whose possession certain documents r ......

2015 (1) TMI 913 - ITAT MUMBAI

Indrani Chandrakant Choksi Versus Addl. Commissioner of Income Tax

Disallowance u/s 14A - Audit Fees and Bank charges - Held that:- These two item of expenditure i.e. audit fee and bank charges do not fall under the category of the expenditure incurred for a composite activity resulting taxable and non taxable incom ......

2015 (1) TMI 730 - ITAT HYDERABAD

Shri Chunduru Venkata Subba Rao, Hyderabad Versus Asst. Commissioner of Income-tax

Penalty under S.271(1)(c) - addition made to the total income of the assessee on account of long term capital gain - Held that:- Concealment of income envisaged in S.271(1)(c) is to be inferred from the return of income filed by the assessee, and sin ......

2015 (1) TMI 645 - ITAT PUNE

Mr. Abhijit Vijay Phulmamdikar Versus Dy. Commissioner of Income Tax

Long Term Capital Gain on Transfer of land - deduction in respect of payment made to his sister for allegedly settling the dispute in the property/land denied - Held that:- Even if the assessee has made the payment to his sister Mrs. Aarti Sameer Nim ......

2015 (1) TMI 312 - ITAT HYDERABAD

Sri Raja Ram Yadav Versus The Income Tax Officer Ward-7(2)

Capital Gains - Joint development agreement (JDA) with brothers - AO has observed that the assessee has not shown any long term capital gains and short term capital gains in the return of income - Deduction u/s. 54F - Held that:- CIT(A) has got the c ......

2015 (1) TMI 49 - ITAT CHENNAI

B. Sivasubramanian Versus Income-tax Officer

Disallowance u/s 54F - failure to produce evidence to show that it is not renovation but construction of a new house - Held that:- The assessee has allegedly utilized the Long Term Capital Gain arising from the sale of shares towards the construction ......

2014 (12) TMI 1016 - ITAT HYDERABAD

Sri C. Radhakrishna Kumar, Hyderabad Versus The Asst. CIT Circle-16(1), Hyderabad

Recall of order Rectification of mistake apparent from record u/s 254 Ex-parte order passed by Tribunal - Held that:- Assessee contended that the Tribunal did not consider the written submissions available on record and certain errors are crept i ......

2014 (12) TMI 669 - ITAT CHANDIGARH

Shri Parkash Chand Versus The Income Tax Officer, Ward 1, Sangrur.

Validity of revision order passed u/s 263 - CIT noted that assessee sold land and against that deduction u/s 54F claimed Held that:- CIT observed that the assessee had failed to furnish any documentary evidence regarding construction on the said pl ......

2014 (12) TMI 603 - ITAT AHMEDABAD

The Income Tax Officer Versus Shri Deepakkumar J. Galiawala

Validity of adoption of valuation report facts relating to the valuer not furnished any instance of sale to justify the estimation of the cost verified or not value and indexation of property as on 01/04/1981 to be taken or not - Held that:- CIT( ......

2014 (12) TMI 471 - ITAT HYDERABAD

Shri BV. Narayana Reddy Versus Asst. Commissioner of Income-tax

Assessment of LTCG Claim of exemption u/s 54F Held that:- Assessee along with E. Govinda Reddy has entered into the development agreement with M/s BPR Infrastructure Ltd. on 04/05/06 - developer in terms with the development agreement has started ......



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