ANITA,CHENNAI vs. ITO, NCW-10(1), CHENNAI
आयकर अपीलीय अिधकरण, ‘ए’ यायपीठ, चे ई।
IN THE INCOME TAX APPELLATE TRIBUNAL
‘A’ BENCH: CHENNAI
ी एबी टी. वक
, ाियक सद एवं
एवं
एवं
एवं
ी एस. आर. रघुनाथा, लेखा सद के सम
BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI S.R.RAGHUNATHA, ACCOUNTANT MEMBER
आयकर अपील सं./ITA No.1451/Chny/2025
िनधारण वष/Assessment Year: 2016-17
Anita,
Old No.16 (New No.45),
Dr. Alagappa Road,
Purasawalkam,
Chennai-600 084. v.
The ITO,
NCW-10(1),
Chennai.
[PAN: AAEPK 9144 M]
(अपीलाथ/Appellant)
(यथ/Respondent)
अपीलाथ क ओर से/ Appellant by :
Mr.Hitesh, Advocate
& Mr. D. Anand, Advocate
यथ क ओर से /Respondent by :
Ms.R. Kavitha, Addl.CIT
सुनवाईकतारीख/Date of Hearing
:
09.09.2025
घोषणाकतारीख /Date of Pronouncement
:
07.10.2025
आदेश / O R D E R
PER ABY T. VARKEY, JM:
This is an appeal preferred by the assessee against the order of the Learned Commissioner of Income Tax (Appeals)/NFAC, (hereinafter referred to as “the Ld.CIT(A)”), Delhi, dated 06.03.2025 for the Assessment Year (hereinafter referred to as "AY”) 2016-17. Anita
:: 2 ::
The first issue that has been raised by the assessee is against the action of the Ld.CIT(A) confirming the addition made by the AO towards ‘Long Term Capital Gains’ to the tune of ₹1,66,40,480/-. 2.1 The brief facts are that the assessee is an individual and filed her return of income (RoI) on 30.09.2016 declaring an income of ₹7,49,940/- And the assessee also reported agricultural income of ₹34,200/-. The case was selected for complete scrutiny. The AO noted that assessee is a financier and also she derives income from salary, house property and share trading. And that she is also a partner in a firm called M/s Srinivas Packaging & Swasthik Industries. The AO noted that during the previous year relevant to AY 2016-17, the assessee along with two of her family members sold 2.74 acres of vacant land at Survey No. 1/2B, 2/3 & 1/2C3B of Padarvadi Village, Sriperumbudur Taluk vide three Sale Deeds registered as Document Nos.3826, 3827 & 3828/2015 dated 06.07.2015 with Sub