THE ITO, WARD-3(3)(12),, AHMEDABAD vs. SHRI CAWAS DARASHA KARAKA, AHMEDABAD
In the result, the appeal of the Revenue is dismissed
ITA 499/AHD/2018[2013-14]Status: DisposedITAT Ahmedabad08 Apr 2025AY 2013-14
Bench: DR. B.R.R. KUMAR, VICE-PRESIDENT\nMS. SUCHITRA KAMBLE, JUDICIAL MEMBER\nI.T.A. No. 499/Ahd/2018\n(Assessment Year: 2013-14)\nIncome-Tax Officer,\nWard-3(3)(12),\nAhmedabad\n(Appellant)\nVs.\nLate Shri Cawas Darasha\nKaraka, Legal Heir M/s.\nCawas Karaka Trust,\n22, Teen Murti Bungalows,\nNr. Devang Bungalows,\nThaltej, Ahmedabad-380054\n[PAN : AGSPK 9616 L]\n(Respondent)\nAppellant by :\nShri Tushar Hemani, Sr. Advocate &\nShri Parimalsinh H. Parmar, ARs\nRespondent by:\nAdjournment applica
For Appellant: \nShri Tushar Hemani, Sr. Advocate &For Respondent: \nAdjournment application filed
Section 143(3)Section 250Section 48Section 49(1)Section 55(2)(a)Section 69A
gain by assessee is in accordance\nwith the Act. Hence, CIT(A) has rightly deleted the impugned\naddition of Rs.4,40,00,000/-.\nProperty was transferred on “01.05.2012\" and “value as at\n01.04.1981 claimed by assessee” was "more" than “FMV as al\n01.04.81\"; Hence. Assessing Officer could not have made\nreference to DVO u/s 55A for ascertaining
