MEERA SONTHALIA,KOLKATA vs. A.C.I.T., CIRCLE - 3(1), ASANSOL, ASANSOL
PER SANJAY AWASTHI, ACCOUNTANT MEMBER:
The present appeal arises from the order of the Ld. Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi (hereinafter referred to as the “Ld. CIT(A)”], dated 07.05.2024 for the AY 2014-15. 1.1 In this case, the Ld. AO passed an order u/s 147 of the Act dated 23.12.2019 through these proceedings before the Ld. AO it was found that I.T.A. No. 1336/Kol/2024 Meera Sonthalia
2
the assessee had sold an immovable property during the year under consideration for a total sum of Rs. 29,40,000/-. The assessee had submitted a valuation report for determining the fair market value of the said property and thereafter, computed a loss of Rs. 2,80,770/-. However, the Ld. AO adopted the sale price as per the report of District