THE INCOME TAX OFFICER, MUKTSAR vs. SH. MANPREET SINGH BADAL, MUKTSAR
In the result, the appeal of the Revenue is dismissed
ITA 616/ASR/2015[2007-08]Status: DisposedITAT Amritsar21 Feb 2019AY 2007-08
Bench: Sh. N. S. Saini & Sh. N. K. Choudhryita No. 616/Asr./2015 : Asstt. Year : 2007-08 Income Tax Officer, Vs Shri. Manpreet Singh Badal, Ward-Ii(2), S/O Shri. Gurdas Singh Badal, Muktsar Vill Badal, Distt. Muktsar (Appellant) (Respondent) Pan No. Afjpb2460B
For Appellant: Shri. Ashwani Kalia, CAFor Respondent: Smt. Ratinder Kaur, DR
Section 271(1)(c)Section 275
1)(c) of the Act was imposed after confirmation of addition on account of long term capital gains on sale consideration received by members of Punjab Co- operative Housing Building Society Ltd. The additions
ITA No. 616/Asr./2015
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Manpreet Singh Badal involved full amount of sale consideration accrued to the members which included monetary consideration and value of built
