ESWARAMOORTHY VENKATACHALAM,TIRUPUR vs. DCIT, CIRCLE-1,, TIRUPUR

आयकर अपीलीय अिधकरण, ‘ए’ ायपीठ, चेई।
IN THE INCOME TAX APPELLATE TRIBUNAL
‘A’ BENCH: CHENNAI
ी यस यस िव ने रिव, ाियक सद एवं ी जगदीश, लेखा सद के सम'
BEFORE SHRI SS VISWANETHRA RAVI, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER

आयकर अपील सं./ITA No.2472/Chny/2025
िनधा8रण वष8 /Assessment Year: 2017-18

Easwaramoorthy
Venkatachalam
Muthukumara Ramalingam,
1, Kangayam road, Tirupur Bazar
S.O, Tirupur – 641 604. PAN: AGOPM 6735C

Vs.
The Dy.
Commissioner of Income Tax,
Circle-1,
Tirupur.

(अपीलाथ/Appellant)

( यथ/Respondent)

अपीलाथF की ओर से/ Appellant by :
Shri H.Yeshwanth Kumar, C.A HIथF की ओर से /Respondent by :
Ms. M. Subashri, Addl. CIT(virtual)

सुनवाई की तारीख/Date of Hearing
:
19.11.2025
घोषणा की तारीख /Date of Pronouncement
:
28.11.2025

आदेश / O R D E R

PER JAGADISH, A.M : Aforesaid appeal filed by the assessee for Assessment Year (AY) 2017-18 arises out of the order of Learned Commissioner of Income Tax (NFAC), Delhi [hereinafter “CIT(A)”] dated 15.07.2025. 2. The assessee had sold properties at Nallur for Rs. 2,45,00,000/- and Perumal Kovil for Rs. 22,00,000/-. The assessee computed capital gains by adopting the Fair Market Value (FMV) as on 01.04.1981 at Eswaramoorthy Venkatachalam

:- 2 -:

Rs. 7,25,000/- for the Nallur land and Rs. 1,75,000/- for the Perumal
Kovil land as the cost of acquisition. However, the Assessing Officer
(A.O.) adopted the FMV as on 01.04.1981 based on the value obtained from the Sub-