Sandeep Kumar Shah, Kolkata vs. I.T.O., Ward - 50(1), Kolkata
In the result, the appeal of the assessee stands allowed
ITA 7/KOL/2023[2010-2011]Status: DisposedITAT Kolkata30 Nov 2023AY 2010-2011
Bench: Shri Sanjay Garg, Hon’Ble & Dr. Manish Borad, Hon’Blei.T.A. No. 07/Kol/2023 Assessment Year: 2010-11 Sandeep Kumar Shah Income Tax Officer, Ward – P-281, Cit Road, Scheme Vi(M) Vs 50(1), Kolkata Kakurgachi Kolkata - 700054 [Pan : Aprps6509J] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri A.K. Tibrewal, Fca/Amit Agrawal, Advocate Revenue By : Shri Ankur Goyal, Addl. Cit, D/R सुनवाई क" तारीख/Date Of Hearing : 18/10/2023 घोषणा क" तारीख /Date Of Pronouncement: 30/11/2023 आदेश/O R D E R Per Dr. Manish Borad: The Present Appeal Is Directed At The Instance Of The Assessee Against The Order Of The National Faceless Appeal Centre, Delhi, (Hereinafter The “Ld. Cit(A)”) Dt. 30/11/2022, Passed U/S 250 Of The Income Tax Act, 1961 (“The Act”) For The Assessment Year 2010-11. 2. The Assessee Has Raised The Following Grounds Of Appeal:- “1. That The Order Passed By The Ld. Cit (Appeals) U/S 250 Confirming The Additions & Disallowances Made By Learned Assessing Officer Is Contrary To The Law & Facts Of The Case. 2. That The Ld. Cit (Appeals) Erred In Denial Of Exemption Of Long-Term Capital Gain Of Rs. 41,86,458/- U/S 10(38) Of The Act Is Bad In Law & In Facts. 3. That The Learned Cit (Appeals) Failed To Appreciate That The Transaction Of Purchase / Sale Was Genuine & All The Requisite Prescribed Documents Submitted Were In Existence & Hence The Addition / Disallowance Has No Legs To Stand & Deserves To Be Held Ab Initio Null & Void.
For Appellant: Shri A.K. Tibrewal, FCA/Amit AgrawalFor Respondent: Shri Ankur Goyal, Addl. CIT, D/R
Section 10(38)Section 147Section 148Section 250
…| आयकर अपीलीय अिधकरण "यायपीठ, कोलकाता | IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, KOLKATA BEFORE SHRI SANJAY GARG, HON’BLE JUDICIAL MEMBER & DR. MANISH BORAD, HON’BLE ACCOUNTANT MEMBER I.T.A. No. 07/Kol/2023 Assessment Year: 2010-11 Sandeep Kumar Shah Income Tax Officer, Ward – P-281, CIT Road, Scheme VI(M) Vs 50(1), Kolkata Kakurgachi Kolkata - 700054 [PAN : APRPS6509J] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee by : Shri A.K. Tibrewal, FCA/Amit Agrawal, Advocate Revenue by : Shri Ankur Goyal, Addl. CIT, D/R सुनवाई क" तारीख/Date of Hearing : 18/10/2023 घोषणा क" तारीख /Date of Pronouncement: 3…
