M/S. KHADEER AHMED KHAN,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 4(2)(1), BANGALORE
In the result, assessee’s appeal is allowed
ITA 2115/BANG/2019[2012-13]Status: DisposedITAT Bangalore14 Jun 2021AY 2012-13
Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year : 2012-13 Shri. Khadeer Ahmed Khan, The Assistant Commissioner Of No.42, Doddkallasandara, Income-Tax, Kankapura Main Road, Vs. Circle – 4(2)(1), Bengaluru – 560 062. Bengaluru. Pan : Aavpk 1742 Q Assessee Respondent Assessee By : Shri. H. Guruswamy, Itp Revenue By : Smt. R. Premi, Jcit (Dr)(Itat), Bengaluru Date Of Hearing : 07.04.2021 Date Of Pronouncement : 14.06.2021
For Appellant: Shri. H. Guruswamy, ITPFor Respondent: Smt. R. Premi, JCIT (DR)(ITAT), Bengaluru
Section 54F
Section 54F as indicated in the assessment order was entirely different, being that the assessee was having more than one residential house at the time of transfer of the original asset. The assessee has submitted that the finding of the AO that purchase bills were bogus
