Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
CGST - Acts + GST Rates GST Ntf. GST Forms GST - Manual GST - FAQ State GST Acts SGST Ntf. I. Tax Manual
Extracts
Home List
← Previous Next →

Smt. Shobha Jain Versus Commissioner of Income Tax, Agra And Another

Claim under Section 54-F denied - AO disallowed exemption holding that it is permissible only when residential house is purchased or constructed within stipulated period - Held that:- There was an agreement for purchase of land which was not carried out and matter was taken to Court, where parties entered into settlement for transfer of plot. Fact remains that no legal document having effect of transfer of immovable property was placed before Appellate Authority. Under the provisions of transfer .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

capital gain. - In view thereof, finding of Tribunal that there was no capital gain since there was no sale of property, is neither perverse nor illegal - Decided against assessee. - Income Tax Appeal No. 335 of 2006 - Dated:- 8-9-2016 - Hon'ble Sudhir Agarwal And Hon'ble Dr. Kaushal Jayendra Thaker, JJ. For the Appellant : R.B. Shukla For the Respondent : Standing Counsel,A.N.Mahajan,B.J.Agrawal,C.S.C. ORDER 1. Heard Sri R.B. Shukla, learned counsel for appellant and perused the re .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

prima facie adjustment beyond the purview of section 143(1)(a) of the Act with reference to claim of deduction of ₹ 4,22,400/- under section 54F of the Act de hors the clause (iii) of proviso to the said section that permits such adjustment only "on the basis of the information available in such return accounts or documents." 2. Whether on the facts and in the circumstances of the case the Appellate Tribunal was legally justified in taking into account the facts and evidence out .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

evant to the year in which period of three years expires. 4. Whether on the facts and in the circumstances of the case the Appellate Tribunal was legally justified in upholding prima facie adjustment under section 143(1) (a) of the Act by treating the investment of Rs.one lakh outside the Capital Gains Scheme despite the certificate of the bank to the contrary." 5. Basically, dispute relates to disallowing assessee's claim under Section 54-F of the Act. The Assessing Officer disallowed .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version