SARIKA PANKAJ NAVLAKHA,,PUNE vs. INCOME-TAX OFFICER, WARD - 11 (2),, PUNE

This assessee’s appeal for assessment year 2014-15 arises against the CIT(A)-1 Pune’s order dated 23.09.2019 passed in case no.PN/CIT(A)-1/ITO,Wd.11(2)/PN/712/16-17 involving proceedings u/s 143(3) of the Income Tax Act, 1961; in short the Act. Heard both the parties. Case file perused.

Coming to sole substantive issue between the parties regarding the assessee’s holding period of the capital asset forming subject matter of transfer herein, it emerges that the CIT(A) has affirmed the assessment findings holding her to have transferred a short term capital asset as follows :-