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1 result for “capital gains”+ Section 200(3)clear

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MOHAMMAD NAZIM,FATEHPUR vs. ITO, WARD- 2(4), FATEHPUR

ITA 30/ALLD/2023[2014-15]Status: DisposedITAT Allahabad12 Sept 2023AY 2014-15

Bench: Shri Aby T. Varkey & Shri Ramit Kocharassessment Year: 2014-15 Mr. Income Tax Officer, Mohammad Nazim, V. Ward-2(4), Fatehpur, Income Tax 133 Kheldar, Fatehpur-212601,U.P. Office, Fatehpur-212601,U.P. Pan:Agepn3675J (Appellant) (Respondent) Assessee By: Sh. Mayank Arora, Advocate Revenue By: Sh. Amlendu Nath Mishra, Cit-Dr Date Of Hearing: 12.09.2023 Date Of Pronouncement: 12.09.2023 O R D E R

For Appellant: Sh. Mayank Arora, AdvocateFor Respondent: Sh. Amlendu Nath Mishra, CIT-DR
Section 143Section 143(3)Section 50C

3. The brief facts of the case are that the assessee filed his return of income on 31.03.2015 declaring income of Rs. 4,88,272/- and agriculture income of Rs. 75,200/-(for rate purposes). The case was selected by Revenue for framing limited scrutiny. The assessee derives income from Rainbow Builders as a partner of the firm and capital