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Income Tax Appellate Tribunal, HYDERABAD BENCHES “SMC”: HYDERABAD
Before: SHRI SATBEER SINGH GODARA
dated 06/01/2011, except & 278/H/2020, which are dated 20/01/2020, passed in cases Nos. 10385, 10424, 10386, 10380, 10388, 10382, 10383 and 10389/2018-19/CIT(A) - 2 , involving proceedings u/s 143(3) rws 147 of the Income Tax Act, 1961 ; in short “the Act”. I have heard all the parties. Case file perused.
It transpired during the course of hearing that all these assessees’ have raised an identical substantive grievance that both the lower authorities have erred in law and on facts in treating their agricultural a capital asset(s) giving rise to long term capital gains in issue. Learned counsel’s first and foremost contention is that the authorities below have nowhere proved that land(s) sold as capital asset(s) within the specified distance of 8 kilometers to the nearest municipality as per section 2(14) of the Act. He filed the land distance details on record by way of additional evidence which was not the matter of adjudication either in the assessment or CIT(A)’s order in dispute. I therefore deem it fit and proper to restore the :- 3 -: Muneer Mohammed and others.
instant sole identical issue raised in all these appeals back to the Assessing Officer for his afresh factual verification.
Learned counsel at this stage also sought to buttress the assesseees’ pleadings that the land in dispute has in fact been sold in the subsequent AY and therefore impugned additions in AY 2011-12 herein would not survive. I therefore direct these assessees’ to appear before the Assessing Officer themselves or through their authorized representative(s) on or before 31st July, 2021 with all the necessary evidence to be followed by three effective opportunities of hearing.
These assessees’ appeals are allowed for statistical purposes in above terms. Pronounced in the open court on 4th February, 2021.