MOHD ARIF,ETAWAH vs. INCOME TAX OFFICER, WARD 2(2)(5), ETWAH, ETAWAH
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 271/AGR/2025[2016-17]Status: DisposedITAT Agra29 Jul 2025AY 2016-17
Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2016-17] Mohd. Arif, Income Tax Officer, 68, Huiganj Pachraha, Etawah, Ward-2(2)(5), Income Tax Office, Etawah, Uttar Pradesh-206001 Vs Civil Lines, Etawah, Uttar Pradesh-207001 Pan-Anapa8542J Appellant Respondent
Section 139(1)Section 147Section 148Section 250Section 282Section 54Section 56(2)(vii)
capital gain by taking the cost of acquisition at Rs. NIL on the ground that the assessee had not disclosed this transaction in his return of income u/s 139(1) of the Act. The Assessing Officer also show-caused to make another addition of Rs.97,14,000/- by invoking the provisions of section 56(2)(vii)(b) on the ground
