ITO-12(3)(4), MUMBAI vs. MYSTICAL INFRATECH PRIVATE LIMITED, MUMBAI
ITA 4266/MUM/2017[2011-12]Status: DisposedITAT Mumbai19 Sept 2022AY 2011-12
Bench: Shr Amit Shukla, Jm & Shri S. Rifaur Rahman, Am आयकरअपीलसं./ I.T.A. No.4266/Mum/2017 (निर्धारणवर्ा / Assessment Year: 2011-12) Income Tax Officer- M/S. Mystical Infaratech Pvt. Ltd., 12(3)(4),Room No.147A, 1St बिधम/ Ground Floor, D. B.House,, Floor ,Ayankar Bhavan, Vs. Gen A.K.Vaidya Marg, M.K.Road, Mumbai-400 Mumbai-400 063. 020. स्थायीलेखासं./जीआइआरसं./ Pan No. Aagcm1049J (अपीलाथी/Appellant) (प्रत्यथी / Respondent) : अपीलाथीकीओरसे/ Appellant By : Shri. Nimesh Yadav( Cit Dr) प्रत्यथीकीओरसे/Respondent By : Shri. A.K.Ghosh , Pooja Ramder , Ld. Ar सुनवाईकीतारीख/ : 22.06.2022 Date Of Hearing घोषणाकीतारीख / : 19.09.2022 Date Of Pronouncement आदेश / O R D E R Per Amit Shukla: The Aforesaid Appeal Has Been Filed By The Revenue Against Order Dated 30.03.2017, Passed By Cit (Appeals)-20 Mumbai For The Quantum Of Assessment Passed U/S 143(3) For Ay 2011-12. The Revenue Has Raised The Following Grounds:-
For Appellant: Shri. Nimesh Yadav( CIT DR)For Respondent: Shri. A.K.Ghosh , Pooja
Section 143(3)Section 56Section 56(2)(viia)
claimed by the assessee in this case being 30.07.2010. The fair market value of the property being share as specified under section 56(2)(vii)(viiia) of the IT act is always has to be determined with reference to the date of allotment of share and not the purchase
