2015 (6) TMI 672 - ITAT LUCKNOW
M/s Clara Swain Hospital Versus Income Tax Officer, Ward-1 (1) , Bareilly
Addition on capital gain - invocation of provisions of section 50C - Held that - From a careful perusal of the joint venture agreement, we find that it is abundantly clear from this agreement that there is no absolute transfer of land by the first pa.....
2015 (6) TMI 456 - ITAT DELHI
ITO Versus Shri Upender Kumar Gupta
Capital gain computation - valuation of property refer to the DVO - assessment as provided under section 50C(2) and 50C(3)- AO computed the capital gains after taking the circle rate/stamp duty valuation - Held that - Assessee had filed objections ag.....
2015 (6) TMI 177 - ITAT MUMBAI
Asstt. Commissioner of Income Tax and Dy. Commissioner of Income Tax Circle–3 (3) , Aayakar Bhavan, Mumbai Versus M/s. Ricoh India Ltd.
Security deposits paid to Electricity Authorities and Sales tax Authorities - CIT(A) deleted the addition - whether advance given is capital in nature and the same cannot be claimed as bad debt as per the provisions of sec. 36(2) r.w.S 36(1)(vii)? - .....
2015 (6) TMI 481 - ITAT CHENNAI
M/s GWL Properties Ltd. Versus The Income Tax Officer (OSD) , Company Circle II (2) , and The Deputy Commissioner of Income Tax, Chennai
Reference to Valuation Officer to determine the fair market value - Whether in view of Section 50C when the fair market value is less than the registration value adopted by the registering authority, the matter has to be referred to the Valuation Off.....
2015 (6) TMI 482 - ITAT JAIPUR
Sh. Nand Lal Sharma L/h Shri Mahavir Prasad Versus The ITO
Denial of exemption u/s 54 - deposit of net consideration into capital gain account scheme on 31-03-2009 - Held that - Section specific reference to sec. 139 cannot be construed only to sec. 139(1) alone but it includes all the sub-section of 139 inc.....
2015 (5) TMI 509 - ITAT MUMBAI
The ITO Versus Shri Hemant R. Tandel
Computation of capital gain - Compulsory acquisition of land by Government of Maharashtra from JHF - what is the date of acquisition of the impugned property? - Held that - It is an undisputed fact that the Maharashtra Government acquired the land be.....
2015 (5) TMI 898 - ITAT DELHI
Mrs. Brij Mohini Behl Versus ITO
Capital gains computation - adopting the circle rate u/s 50C or documented price in sale deed - Held that - In the instant case, the assessee had raised a plea that the fair market value of the impugned property is below the circle rate. Moreover, we.....
2015 (5) TMI 77 - KARNATAKA HIGH COURT
Shri JP. Mrithunjay Singh Versus Income Tax Officer, Ward-7(3), Bangalore
Determination of the market value of immovable property as on 01.04.1981 - valuation of the said property has been made on the basis of an alleged agreement of sale dated 12.12.1978 by tribunal - Held that - We find substance in the submissions made .....
2015 (6) TMI 59 - ITAT DELHI
Mahesh Chand Jain Versus Income Tax Officer
Computation of capital loss - AVO adopted a detailed measurement method instead of rent capitalization method and secondly, the property was sold in distress - AO referred the property to the AVO and adopted the value reported by the AVO for calculat.....
2015 (4) TMI 475 - ITAT AHMEDABAD
Shri Nikunj kumar H. Jariwala Versus ITO
Stamp duty valuation u/s.50C - difference in the value of the property declared by the assessee as sale consideration and adopted by the stamp valuation authority - Held that - AO has made addition on the basis of the difference in the value of the p.....
2015 (4) TMI 665 - ITAT PUNE
Alfa Laval (India) Ltd. Versus Addl. Commissioner of Income Tax,
Applicability of Section 50C of the Income Tax Act, 1961 on depreciable assets - Dis-allowance under section 14A - Adhoc disallowance of vehicle expenses & miscellaneous expenses - Adhoc disallowance to cover the leakage of revenue - Held that - .....
2015 (4) TMI 471 - ITAT DELHI
ITO Versus Prem Chand Mittal,
Computation of the full value of consideration of the property - Computation of capital gain - whether the AO was right in substituting the full value of the consideration received or accruing as a result of the transfer of the capital asset with the.....
2015 (6) TMI 415 - ITAT PUNE
Weikfield Products Co. (I) Pvt. Ltd Versus Dy. Commissioner of Income Tax
Addition on account of long term capital gain - whether section 50C of the Act would be invocable? - Held that - Index-II of the registered agreement reflects two values, one which is the value assessed by the stamp valuation authority for the purpos.....
2015 (3) TMI 316 - ITAT LUCKNOW
Smt. Savitri Devi Versus ACIT Smt. Surinder Kaur, Shri Kunwar Pal Singh, Shri Paramjeet Singh, Dadarian Purwa, Kanpur, Shri Paramjeet Singh, Shri Ramandeep Singh Versus Dy. CIT
Penalty u/s 158BFA(2) - undisclosed peak investment in business and undisclosed interest earned on pawing items given to others - Tribunal allowed part relief - Held that - Since the addition was made on estimate basis, penalty u/s 158BFA(2) is not j.....
2015 (3) TMI 606 - ITAT JAIPUR
Kailash Chand Garg Thru: Legal Heir Smt Manju W/O Deceased Assessee Prop. Garg Sari Centre, Kota Versus Income Tax Officer
Computation of Long term capital gain - dis-allowance of expenditure u/s 48 which was found as unexplained u/s 69C - assessee contends that once section 50C is to be held applicable and the asset and sale thereof is held to be long term capital gains.....