MISHRI LAL,AJMER vs. INCOME TAX OFFICER, WARD-1(2), AJMER, AJMER

आयकर अपीलीय अधिकरण] जयपुर न्यायपीठ] जयपुर
IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES,”SMC” JAIPUR

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BEFORE: DR. S. SEETHALAKSHMI, JM & SHRI RATHOD KAMLESH JAYANTBHAI, vk;dj vihy la-@ITA No. 427/JP/2025
fu/kZkj.k o"kZ@Assessment Year : 2012-13
Ward-1(2), Ajmer
LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AHOPL9005H vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Sh. Sudhir Sogani, CA jktLo dh vksj ls@ Revenue by : Sh. Gautam Singh Choudhary, JCIT lquokbZ dh rkjh[k@ Date of Hearing

: 23/06/2025

mn?kks"k.kk dh rkjh[k@Date of Pronouncement: 04/07/2025

vkns'k@ ORDER

PER: RATHOD KAMLESH JAYANTBHAI, AM

Aforesaid appeal by assessee for Assessment Year (AY) 2012-13
arise out of the order of the learned Commissioner of Income Tax
(Appeals) -2, Chennai [ for short CIT(A) ] dated 11/03/2025 in the matter of an assessment order dated 28.11.2019 passed under section 143(3) r.w.s
147 of the Income Tax Act, 1961 [ for short Act ] by ITO, Ward 1(2), Ajmer [
for short AO].

2
2. In this appeal, the assessee has raised following ground: -
1. That the learned CIT(Appeals) is not justified in allowing relief under section 54 of the IT Act, 1961. 3. Succinctly, the fact as culled out from the records is that as per information available on record it was noticed that during the year under consideration the assessee sold immovable property along with four other persons situated at AMC No. 467/23 23/647431-A/30 for consideration of Rs. 27,00,000/-. The sub