DAVINDER SINGH,SAMAOH PUNJAB vs. ITO WARD 1(4), MANSA, MANSA,PUNJAB
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 214/ASR/2025[2016-17]Status: DisposedITAT Amritsar12 Mar 2026AY 2016-17
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta(Physical Hearing) I.T.A. No. 214/Asr/2025 Assessment Year: 2016-17 Sh. Davinder Singh, Bhal Patti, Vs. Ito, Ward-1(4), Samaon, Matti B.O. Kotra, Mansa. Mansa, Punjab. [Pan:-Abmps3429E] (Appellant) (Respondent) Sh. Rohit Kapoor, Adv & Sh. Appellant By Himanshu Gupta, Ca Respondent By Sh. Charan Dass, Sr. Dr
Section 10(37)Section 143(3)Section 2(14)Section 250Section 54BSection 54F
54F which has arisen on the sale of land resulting in long-term capital gain.
4. Brief facts of the case are that the sale consideration declared by the assessee in income tax return was less than the sale consideration reported in Form 26QB
(Form 26QB and schedule CG of ITR) and claim of large exempt income (Schedule