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 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 (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 (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.....
2015 (1) TMI 609 - ITAT DELHI
ITO Ward-5(1) New Delhi Versus M/s. Modipon Ltd.
Determination of capital gain on transfer of plot of land at Ghaziabad - Held that - By executing the sale deed in June, 2005, the assessee has only completed the contractual obligation imposed upon it by virtue of the sale agreement, Since the proce.....
2015 (2) TMI 197 - ITAT MUMBAI
ACIT 12(1), Mumbai Versus M/s. Asian Marble Industries
Conversion of capital asset to stock in trade - date of conversion - admission of additional evidence - market value adopted by AO for the purpose of calculation of capital gains by invoking the provisions of section 50C - Held that - Ld. CIT(A) had .....
2015 (3) TMI 52 - ITAT AHMEDABAD
M/s. Diamdell Intermediates Pvt. Ltd. C/o. Hemanshu M. Parikh Versus The Dy. CIT (OSD), Range-I, Ahmedabad
Short-Term capital gain u/s 50 - sale of factory building and structure constructed on the lease hold land - payment of additional stamp duty - non application of section 50C as the depreciating asset was transferred contented by assessee - Held that.....
2015 (2) TMI 248 - ITAT PUNE
Asstt. Commissioner of Income Tax Versus M/s. The Gujarat Tea Traders Pvt. Ltd.
Addition u/s 50C - CIT(A) deleted the addition - Held that - While holding that the transaction was sale of a capital asset, the Assessing Officer did not apply the relevant provisions to calculate the assessable capital gains income. Instead, he pic.....
2015 (4) TMI 723 - ITAT HYDERABAD
Smt. D. Anitha Versus Income Tax Officer Ward 10(2), Hyderabad
Capital gain computation - Assessing Officer was directed by the CIT(A) to compute the capital gains chargeable to tax in the hands of the assessee by taking her share at 60 of the total sale consideration of ₹ 25 lakhs - Held that - It is no d.....
2015 (3) TMI 48 - ITAT MUMBAI
Income-tax Officer-15(3) (3) Versus Iqbal Gulam Hussain Qureshi
Unexplained investments in a residential flat - gap of eight years for transfer of title - CIT(A) deleted the addition - Held that - It is surprising that one would wait for nearly eight years for transfer of title. The parties generally, to ensure p.....
2015 (3) TMI 47 - ITAT MUMBAI
Maanraj Trading P. Ltd. (Now under Liquidation) Versus ITO CIR 6(3) (3), Mumbai
Income from sale of investment - business income v/s capital gain - Held that - So far as sale of shares/investment and the income arising from such sales have been treated as business income by the department which has been upheld by the Tribunal ri.....
2014 (12) TMI 1069 - BOMBAY HIGH COURT
Commissioner of Income Tax-18 Versus Sambhaji Nagar Co-Op- Hsg. Society Ltd.
Transfer of Development Rights (TDR) - Chargeability to capital gain - Invocation of section 50C - Addition under the head LTCG computation of the sale of TDR Held that - The Tribunal was rightly of the view that while it is true that the AO invoked .....