Kushal k bangia vs. income tax officer
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 …
Kushal k bangia vs. income tax officer
Did you know?
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 … 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 […]
WebFeb 1, 2012 · 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 … 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 ...
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). WebFeb 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 …
WebApr 9, 2024 · Observations of the Supreme 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 …
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 … osuna sevilla tiempoWebJan 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 … osuna universityWebFeb 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 … osun capitalWebJun 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 … osu ncaa football scoresWebJul 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 … osun cityWebFeb 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 … osu nd scoreWebBy Legal Bureau Kushal K. Bangia vs. ITO (ITAT Mumbai) – In principle, though the… osu neffex