SANJAY CHOBEY,JHANSI vs. ACIT CIRCLE-2(3)(1), JHANSI

In the result, appeal of the assessee is partly allowed

Bench: : Shri A.D. Jain & Shri Dr. Mitha Lal Meenaassessment Year: 2013-14 Vs. Acit, Circle –2(3)( 1), Dr. Sanjay Chobey, (Huf) Opp. Ware House, Shivpuri Aayakar Bhawan, Road, Nandpura, Jhansi 1090, Civil Lines, Pan : Aahhd7844 Q Jhansi (Appellant) (Respondent)

capital gain u/s 50C(2)(a) of the Act. We find that the assessee has requested the AO to refer the matter to the valuation officer as per provisions of Section 50C(2)(a) of the Act. The assessee counsels contention that the assessee has sold the property under distress sale being sub urban and undeveloped area without basic amenities