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Section 143(3)2 Section 142(1)2 Section 50C2

AJAY KUMAR GUPTA,FATEHPUR vs. CIT(A), NFAC, DELHI (AO:ITO-2(4),FATEHPUR, FATEHPUR

In the result, appeal filed by assessee in ITA No

ITA 19/ALLD/2023[2017-18]Status: DisposedITAT Allahabad20 Mar 2023AY 2017-18

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

For Appellant: Shri Rajeev Kumar Agrawal, AdvocateFor Respondent: Shri A.K. Singh ,Sr. D.R

Section 142(1)Section 143(2)Section 143(3)Section 50C

260 square meter comes to Rs. 1,10,322.10 only and indexation should be applied on this amount, however the assessing officer miscalculated that and wrongly calculated the cost of land and indexed cost without reading the purchase deed of the land and thus the assessing officer wrongly calculated the long-term capital gain Rs. 14,61,600.00. It clearly