POONAM MARWAHA,AMRITSAR vs. ACIT DCIT CEN CIR, AMRITSAR
ITA 306/ASR/2024[2019-20]Status: DisposedITAT Amritsar09 Jan 2025AY 2019-20
Bench: Sh. Vikram Singh Yadav & Sh. Udayan Dasgupta
Section 115BSection 143(3)Section 263Section 263(1)Section 44ASection 69
1) Subsequently, Principal
Commissioner invoked revision under section 263 on ground that a land was sold by
assessee to an entity below value adopted by concerned authority for levy of stamp duty,
and therefore, there was under-assessment of income to extent of differential amount, and
accordingly, assessment made was contrary to provisions of section 50C as this aspect
