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Section 143(3)2 Section 145(3)2

ITO 1(1)(1)(5), AGRA vs. SHANTI CONSTRUCTIONS , AGRA

In the result, the appeal filed by revenue is dismissed

ITA 289/AGR/2017[2012-13]Status: DisposedITAT Agra16 May 2019AY 2012-13

Bench: Shri Sudhanshu Srivastava & Dr. Mitha Lal Meenaincome Tax Officer, Ward,1(1)(5), Vs.. M/S Shanti Constructions, Ug-13, Aayakar Bhawan, Agra Shanti Madhuvan Plaza, Delhi Gate, Agra (Appellant) (Pan: Aaufs3185N) (Respondent)

For Appellant: Sh. Pradeep K. Sahgal, Adv. & Sh. Utsav Sahgal, C.AFor Respondent: Shri Sunil Bajpai CIT DR

Section 143(3)Section 145(3)

50C nor under section 43CA (inserted w.e.f. 01.04.2014) were applicable over assessee’s case. b) That the learned AO has wrongly presumed that 4500 sq.mt. area sold for Rs.6,77,26,260 during the year under consideration though as stated in foregoing para 92.90 sq.mt. area was sold for Rs.7,50,000 in A.Y.2012-13 (year under consideration) and the assessee