Short Term Capital Gain on Sale of Factory Premises

Last updated: 17 September 2021
Quick Summary
The Income Tax Appellate Tribunal allowed the assessee's appeal for statistical purposes. The tribunal found that the Commissioner of Income Tax (Appeals) had made a decision without giving the assessee a proper opportunity to be heard. Consequently, the case was sent back to the CIT(A) to be reconsidered and decided afresh after ensuring the assessee is given a fair hearing.

Court :
ITAT Mumbai

Brief :
The assessee has filed the present appeal against the order dated 04.10.2019 passed by the Commissioner of Income Tax (Appeals)-40, Mumbai (hereinafter referred to as the “CIT(A)”) relevant to the A.Y.2011-12.

Citation :
I.T.A. No.391/Mum/2020

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited Judgements Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

 
Comments


Recent Judgments :

  1. Supreme Court: Cruise Operators Eligible for Section 44B Presumptive Taxation; Hospitality Services Do Not Change Nature of ‘Carriage’
  2. Karnataka High Court Quashes Externment Order Passed Without Adequate Opportunity of Hearing
  3. Supreme Court: No Service Tax on Indivisible Turnkey ATM Contracts Prior to 1 June 2007
  4. ITAT Quashes AY 2015-16 Reassessment as Section 148 Notice Issued After 1 April 2021 Was Invalid
  5. ITAT Condones 2,073-Day Delay and Deletes Addition for Cash Deposit Explained by Property Sale and Savings
  6. ITAT Deletes Addition for Alleged On-Money Payment Due to Lack of Evidence Against Buyer
  7. ITAT Holds Estate with Sole Executor Taxable at Individual Slab Rates, Not Maximum Marginal Rate
  8. ITAT Deletes Section 270A Penalty Where Section 80P Deduction Was Claimed Under Bona Fide Belief
  9. ITAT Quashes Reassessment Due to Approval from Incompetent Authority Under Section 151
  10. ITAT Condones 78-Month Delay and Remands Case Over Alleged Double Taxation of Income

View More Judgments »


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Somnath MaitiSomnath MaitiPro Member Hitesh RathodHitesh RathodPro Member SHYAM SUNDER GULATISHYAM SUNDER GULATIPro Member Ramesh JRamesh JPro Member rajkumar yadavrajkumar yadav
Subscribe to Pro
Join an elite circle of professionals

Browse by Category