RAMASAMI PALANISAMY,TIRUPUR vs. ITO, WARD-2(1), ERODE
आयकर अपीलीयअिधकरण, ‘बी’ायपीठ,चेई।
IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH: CHENNAI
ी एबी टी. वक, ाियक सद एवं ी अिमताभ शु$ा, लेखा सद के सम&
BEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER
आयकरअपीलसं./ITA No.2314/Chny/2024
िनधारणवष/Assessment Year: 2016-17
Shri Ramasami Palanisamy,
2/434, NaththakattuPirivu,
Thekkalur Post,
Avinashi Taluk,
Tirupur – 641 654. v.
The Income Tax Officer,
Ward 2(1),
Erode.
[PAN: BFIPP 5270 D]
(अपीलाथ/Appellant)
(यथ/Respondent)
अपीलाथ क ओर से/ Appellant by :
Shri T. Banusekar, Advocate
यथ क ओर से /Respondent by :
Shri Nilay Baran Som, CIT
सुनवाईकतारीख/Date of Hearing
:
23.01.2025
घोषणाकतारीख /Date of Pronouncement
:
25.03.2025
आदेश / O R D E R
PER ABY T. VARKEY, JM:
This appeal has been filed by the assessee against the order of the Ld. Commissioner of Income Tax (Appeals) / NFAC (in short “CIT(A)") dated 05.07.2024 for assessment year 2016-17 (in short “AY").
In the several grounds raised in the appeal, the assessee in sum & substance, has objected to the Ld. CIT(A)’s action of upholding the addition of Long Term Capital Gain ( in short ‘LTCG’) of Rs.18,92,30,000/- made by the Assessin assessee, on the given f
Brief facts as note of information that the immovable property of Village, Coimbatore on Charitable Trust, Coim vide document No.121