JAYANTILAL TOKERSHI DEDHIA,MUMBAI vs. DCIT - CIRCLE 2, KALYAN

सुनवाई की तारीख/ : 07/12/2020 Date of Hearing घोषणा की तारीख / : 04/01/2021 Date of Pronouncement आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by assessee for Assessment Year [in short referred to as ‘AY’] 2015-16 contest the order of Ld. Commissioner of Income-Tax (Appeals)-3, Thane [in short referred to as ‘CIT(A)’], Appeal No.10201-THN/17-18 dated 01/08/2018 on certain grounds of appeal.

2 Jayantilal Tokershi Dedhia Assessment Year: 2015-16 2. The Ld. AR for assessee, at the outset, pressed only for additional grounds of appeal in view of the fact that another assessment has been framed subsequently for AY 2012-13 u/s 143(3) r.w.s.147 of the Act and the same has bearing on the issue. The additional ground of appeal read as under: - On the facts and circumstances of the case and in law, the appellant may please be allowed a relief to the extent of the value of flats / shops which has already been taxed in A.Y.2012-13 vide assessment order dated 27-12-2018 passed under Section 143(3) r.w.s. 147 of the Income Tax Act and thereby reducing the capital gain arising upon transfer of said flats /shops during the year under consideration to that extent.