Tag Archives: Indexation

Indexation benefit from period asset was first held by previous owner ITAT

IN THE ITAT VISAKHAPATNAM BENCH Income-tax Officer, Ward-1(2), Guntur v. Padarti Venkata Rama Chandra Rao V. DURGA RAO, JUDICIAL MEMBER AND G. MANJUNATHA, ACCOUNTANT MEMBER IT APPEAL NO. 216 (VIZAG.) OF 2012 [ASSESSMENT YEAR 2009-10] SEPTEMBER  16, 2016 M.N. Murthy Naik, DR for the Appellant. G.V.N. Hari, AR for the Respondent. ORDER G. Manjunatha, Accountant… Read More »

Indexation benefit can’t be denied because Assessee not declared long term gain in ITR

IN THE ITAT MUMBAI BENCH ‘E’ Sanju Verma v. Deputy Commissioner of Income-tax, 25(3), Mumbai SAKTIJIT DEY, JUDICIAL MEMBER AND RAMIT KOCHAR, ACCOUNTANT MEMBER IT APPEAL NO. 5977 (MUM.) OF 2013 [ASSESSMENT YEAR 2010-11] MAY  6, 2016 Jitendra Jain for the Appellant. Sunil Kumar Agarwal, DR for the Respondent. ORDER Ramit Kochar, Accountant Member –… Read More »