2024 Kushal k bangia vs. income tax officer

Kushal k bangia vs. income tax officer

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August undefined, 2024

WebSupreme Court in the case of George Thomas K vs. CIT (156 ITR 412) were also relied upon by the ITAT in Kushal bangia’s judgment, where Supreme Court has observed that the burden is on the revenue to establish that the receipt is of the revenue nature. In Kushal Bangia’s case, reliance was also placed on a judgment of the Supreme Court in ... WebKushal K Bangia vs. ITO, wherein Tribunal has held as under: “3. We have heard the rival contentions, perused the material on record and duly considered factual matrix of the …

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WebFeb 1, 2012 · Kushal K Bangia Vs Income Tax Officer (ITAT Mumbai) - Kushal K. Bangia Vs. ITO (ITAT Mumbai)- In principle, though the scope of 'income' in s. 2 (24) is very wide, a capital receipt is not chargeable to tax as income unless there is … WebAug 18, 2015 · Aug 18, 2015 Capital Gain Tax, housing society, Income Tax By Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. … cycloplegics and mydriatics

ITA No. 291 Mum 2015 Jitendra Kumar Soneja vs. ITO

WebKushal K.Bangia (a tax-payer) (ITA No.630 / Mum / 2006). The tax-payer, an individual was a member of a housing society. The housing society, along with... WebJan 30, 2014 · Kushal K. Bangia vs. ITO (ITAT Mumbai) In principle, though the scope of “income” in s. 2 (24) is very wide, a capital receipt is not chargeable to tax as income unless there is a specific provision to that effect. As the residential flat owned by the assessee in the society’s building was a capital asset in… WebIf what is transferred is assessable at the rates applicable to ordinary income whereas capital gains arising from the transfer of a long-term capital asset is only partially … cyclopithecus

MaharashtraCo-operative Society Archives - Page 20 of 24 ...

No Tax On Society Redevelopment Gains - TaxGuru

WebIncome Tax Appellate Tribunal - Mumbai. Kushal K. Bangia, Mumbai vs Assessee on 12 January, 2012. IN THE INCOME TAX APPELLATE TRIBUNAL, "A" BENCH, MUMBAI. Before … WebJun 18, 2024 · During the assessment proceedings, the Assessing Officer, on verifying the return of income as well as other materials found that during the relevant previous year, the assessee has received an amount of ` 26,23,238, but has not offered it to tax by treating it … cyclopinclopanWebJul 8, 2014 · The governor proposed to cut income taxes on the state's highest earners from 6.45 percent to 4.9 percent, to simplify tax brackets, and to eliminate state income taxes … cycloplegic eye refraction

"WebReliance was also placed on the decision of Mumbai Tribunal in the case of Kushal K. Bangia vs. ITO [ITA No. 2349/Mum/2011 dated 31.1.2012 for AY 2007-08], wherein the Tribunal has held that `receipts during redevelopment are capital receipts and not revenue and such receipts reduce the cost of assessee and should be taken into account when ... " - Kushal k bangia vs. income tax officer

Kushal k bangia vs. income tax officer

Redevelopment agreement & income Tax Implications - The Tax …

WebFeb 1, 2012 · Kushal K Bangia Vs Income Tax Officer (ITAT Mumbai) - Kushal K. Bangia Vs. ITO (ITAT Mumbai)- In principle, though the scope of 'income' in s. 2 (24) is very wide, a capital receipt is not chargeable to tax as income unless there is … WebNo Capital Gain Tax On Society Redevelopment February 2, 2012 admin Leave a comment By Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. 2(24) is very wide, a capital receipt is not chargeable […]

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WebSep 2, 2016 · 2) Following the judgment of Kushal (Supra), it could be held that such compensation could not be said to be of revenue nature, and, accordingly, the same was outside the ambit of income under section 2(24). WebKushal K Bangia Vs Income Tax officer Date of pronouncement : 31 .01.2012 ORDER Per Pramod Kumar: 1. By way of this appeal, the assessee has called into question correctness of CIT(A)’s order dated 9th December, 2010, in the matter of assessment under section 143(3) of the Income tax Act, 1961, for the assessment year 2007-08 on the following ...

WebIncome Tax Land Mark Judgements Legal MaharashtraCo-operative Society Society No Capital Gain Tax On Society Redevelopment By Legal Bureau Kushal K. Bangia vs. ITO … WebFeb 2, 2012 · Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. 2 (24) is very wide, a capital receipt is not chargeable to tax as income …

WebJan 31, 2012 · Without prejudice to ground No.1, and as an alternative ground of appeal, the ld CIT(A) has erred in confirming the addition of rs.11,75,000 received by the assessee as … Web1. Nine tax cases are being disposed of by this common judgment. The relevant assessment years are 1959-60 to 1965-66, 1969-70 and 1970-71. One K. S. Sankaran Pillai was …

WebBy Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s.… Current Affairs Income Tax Society Non-Occupancy charges received by Housing society not taxable By Legal Bureau Assessee has challenged the addition of Rs.30,914/- made by the Assessing Officer on account of non-occupancy charges… cycloplegic mechanism of actionWebBy Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the… cyclophyllidean tapewormsWebOct 1, 2024 · The Hon’ble Income-tax Appellate Tribunal – Indore Bench in the case of Shri Lawrence Rebello v. ITO ITA No.132/Ind/2024 dated September 29, 2024 inter alia, relying on the decisions of the Hon’ble ITAT- Mumbai Bench in the case of Smt. Delilah Raj Mansukhani Vs. ITO, ITA No.3526/Mum/2024, order dated 29.01.2024, Kaushal K. Bangia v. cycloplegic refraction slideshareWebFeb 1, 2012 · Kushal K. Bangia Vs. ITO (ITAT Mumbai) – In principle, though the scope of “income” in s. 2 (24) is very wide, a capital receipt is not chargeable to tax as income … cyclophyllum coprosmoidesWebJan 31, 2012 · Without prejudice to ground No.1, and as an alternative ground of appeal, the ld CIT(A) has erred in confirming the addition of rs.11,75,000 received by the assessee as … cyclopiteWebShah Bakuleshbhai Hasmukulal vs Kaushikkumar Kantilal Modi And 63 ... on 29 February, 2008. Author: A Kureshi. Bench: A Kureshi. JUDGMENT Akil Kureshi, J. 1. The petitioner … cyclop junctionsWebIn Kushal Bangia's case, the nature of compensation as a capital receipt was extensively discussed. Based on the observations made therein, the ITAT held that the amounts … cycloplegic mydriatics