ALAUDDIN,AGRA vs. ITO, WARD 1(1)(1), AGRA, AGRA
In the result, the appeal is partly allowed for statistical purposes
ITA 241/AGR/2024[2015-16]Status: DisposedITAT Agra20 Jun 2025AY 2015-16
Bench: : Shri Sunil Kumar Singh & Shri Manish Agarwalassessment Year: 2015-16
Section 142(1)Section 147Section 148Section 151Section 2(14)Section 250Section 54
Price indexed for F.Y. 2014-15 (1024)
Sale consideration of property for the year 2014-15: Rs. 45,00,000/-
Less: Indexed cost of acquisition = 371000 x 1024/497 = Rs. 764394/- of property for the year 2014-15. Long Term Capital Gain for 2014-15: Rs. 37,35,606/-
6. However, while giving benefit of deduction claimed by assessee