M/S. DATTA DAIRY PRODUCTS PVT. LTD.,BULDHANA vs. ITO, WARD-1, , KHAMGAON
In the result, the appeal filed by the assessee is allowed
ITA 96/NAG/2021[2011-12]Status: DisposedITAT Nagpur02 Jul 2024AY 2011-12
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Miss. J.S.Thakar, AdvocateFor Respondent: Shri Abhay Y. Marathe, Sr. DR
Section 143(3)Section 250Section 56(2)(ix)
transaction was cancelled, MOU and agreement became ineffective and the Khamgaon Urban Coop. Bank took possession of the property as provided in section 13(4)(2) of Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002
and sold the property in it's own right
