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Income Tax Case Laws - Section: 54F

Cases for Section: 54F
Showing 1 to 15 of 274 Records

2015 (7) TMI 72 - ITAT HYDERABAD

Mr. Kailash Chand Gupta Hyderabad Versus Commissioner of Income Tax (Central) Hyderabad

Revision u/s 263 - order has been passed by the Ld. CIT under section 263 without considering the explanation offered by the assessee - Registration of Development Agreement - Explanation w.r.t Exemption u/s 54F - Held that - On the basis of this exp.....

2015 (6) TMI 674 - ITAT BANGALORE

The Assistant Commissioner of Income Tax, Circle 8 (1) , Bangalore and others Versus Shri Prashant Prakash and others

Deduction u/s. 54F - CIT(A) allowed the claim - Held that - An analysis of the provisions of section 54F of the Act in the light of the grounds raised by the Revenue in the appeal would show that there is no merit in the grounds raised by the Revenue.....

2015 (6) TMI 523 - ITAT HYDERABAD

Sri M.S. Lakshmana Rao, Hyderabad Versus Dy. Commissioner of Incometax, Circle–3 (3) , Hyderabad

Disallowance of deduction claimed u/s 54F - Held that - Assessee has not submitted any documentary evidence to establish his claim that the amount withdrawn from the bank account out of the sale proceeds of immovable property were actually utilized f.....

2015 (6) TMI 563 - ITAT LUCKNOW

Asstt. CIT-4 Kanpur and othes Versus Shri. Irshad Mirza and others

Deduction under section 54F - CIT(A) allowed claim - Held that - Assessing Officer has made disallowance of claim of deduction under section 54F of the Act without making necessary verification. Before the ld. CIT(A), the assessee has filed enormous .....

2015 (6) TMI 720 - ITAT PUNE

Asstt. Commissioner of Income Tax, Ahmednagar Circle, Ahmednagar Versus Smt. Asha Ashok Boob Prop-Shri Tiles

Entitlement to benefit of deduction u/s. 54F - long term capital gain on sale of shares invested towards purchase of a flat - allegation of the AO that it is only a lease and not a purchase - Assessing Officer denied the deduction on the ground that .....

2015 (5) TMI 719 - ITAT DELHI

Income Tax Officer, Ward 41 (4) , New Delhi Versus Sh. Tapash Kumar Chaterjee

Capital gain - CIT(A) deleting addition on account of capital Gain claimed as exempt which was never disclosed to the Department and treating revised computation of assessment proceedings after detecting the same by Department as revised return - CIT.....

2015 (5) TMI 712 - ITAT AHMEDABAD

Shri Prakashkumar B. Khatri Versus The CIT-IV, Ahmedabad

Revision u/s 263 - deduction under section 54F wrongly allowed - Held that - The assessee had obtained the permission for construction of farm house on 21/12/006 for construction of 582 sq.meters. and subsequent to the approval, assessee incurred exp.....

2015 (5) TMI 422 - ITAT DELHI

ITO Versus Kanwar Deep Anand

Disallowance of exemption u/s 54F - assessee had purchased land on which construction was done subsequently - Held that - The essence of the said provision is whether the assessee who received capital gains has invested in a residential house. Once i.....

2015 (5) TMI 901 - ITAT DELHI

Amit Gupta Versus Assistant Commissioner of Income Tax

Reopening of assessment - denial of deduction u/s 54/54F in respect on new residential property bought against sale of commercial property as alleged by the Learned Assessing Officer - Held that - It is clear that the ld. CIT(A) justified the reopeni.....

2015 (5) TMI 888 - ITAT MUMBAI

Smt. Maya A. Ajwani Versus ITO-7 (2) (4) , Mumbai

Exemption u/s.54F - investment in second residential house - previous residential property gifted to her husband - Held that - We find no provision in law for the assessee to continue to be regarded as the owner or even a part owner of the property (.....

2015 (4) TMI 403 - ITAT DELHI

Sh. Bharat Bhushan Panchal & Others Versus ACIT & Others

Entitlement to exemption u/s 54F - computation of capital gain - It is submitted that the assessee purchased one plot which was divided in two plots having different numbers, those plots were sold to two different persons through separate sale deeds .....

2015 (6) TMI 92 - ITAT MUMBAI

Serena Antoinette Franklin Versus ITO

Capital gain in respect of the development right of property - AO held that since the property was acquired from her late parents, therefore, the cost of acquisition would be taken at Nil - Held that - The consideration as stipulated in the developme.....

2015 (3) TMI 935 - ITAT HYDERABAD

Sri Mohammed Farooq, Smt. Bilquees Begum, Sri Shaik Mahaboob, Smt. Kubra Begum, Mohammed Naseer, Mohammed Qaiser, Mohammed Sabir Versus Income Tax Officer

Capital gains - assessee have entered into a development agreement with M/s. Sun Mark Builders on 04-11-2003 for development of property for construction of residential flats sharing the built up area in the ratio of 39 61 - Year of Taxability - Held.....

2015 (3) TMI 1014 - ITAT PUNE

The Income Tax Officer Versus Shri Narshivha Amrutrao Dhere, Shri Chandrasen Amrutrao Dhere,

Exemption u/s 54F - CIT(A) allowed the claim - Plea raised by the the Revenue was that the money was paid earlier i.e. prior to the window year allowed under section 54F of the Act - Held that - In addition to the reasons for acquisition of two indep.....

2015 (3) TMI 641 - ITAT BANGALORE

Income Tax Officer Versus Shri R. Srinivas,

Denial of claim for exemption under Section 54 / 54F - assessee failed to invest the capital gains of ₹ 70,16,326 before the due date of filing the return of income for Assessment Year 2008-09 i.e. 31.7.2008, as laid down u/s. 139(1) of the Act.....

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