SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2026 Supreme(Online)(ITAT) 7991

INCOME TAX APPELLATE TRIBUNAL (MUMBAI BENCH)
Vikram Singh Yadav, AM, Kavitha Rajagopal, JM
Mahendra Silk Mills Pvt. Ltd. – Appellant
Versus
Income Tax Officer – Respondent


Advocates:
For the Appellants/Petitioners: Satish Mody, AR, Annavaram Kosuri, Sr. AR

Table of Content
1. appeal challenges cit(a) order on capital gains assessment. (Para 1 , 2 , 3 , 4 , 5)
2. parties argue transfer date and possession timing. (Para 6 , 7)
3. section 50c applies to leasehold rights akin to ownership. (Para 8 , 9 , 10)

ORDER

Per Kavitha Rajagopal, JM:

This appeal filed by the assessee challenges the order of the Learned Commissioner of Income Tax (Appeals), Mumbai (‘Ld. CIT(A)’ for short), National Faceless Appeal Centre (“NFAC” for short) passed u/s 250 of the Income Tax Act, 1961 (‘the Act'), pertaining to the Assessment Year (‘A.Y.’ for short) 2009-10.

2. The assessee has raised the following grounds of appeal:

“1. The Learned Commissioner of Income Tax Appeal has erred in facts and in law in confirming the assessment of the capital gains arising from transfer of leasehold land and building thereon in Assessment Year 2009-10 as against in Assessment Year 2003-04 offered by the Appellant.

2. The Learned Commissioner of Income Tax Appeal has erred in accepting the findings of the Remand Report of learned Assessing Officer and thereby in not discussing and appreciating the facts brought out by the appellant in response to the Remand Report.

3. The Learned Com

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top