SRI G MUNIRAJU,BANGALORE vs. THE INCOME TAX OFFICER WARD-7(2)(4), BANGALORE
In the result, the assessee’s appeal for Assessment Year 2010-11 is partly allowed for statistical purposes
ITA 2920/BANG/2018[2010-11]Status: DisposedITAT Bangalore15 Feb 2019AY 2010-11
Bench: Shri Jason P Boazassessment Year : 2010-11 Shri G. Muniraju, Vs. The Income Tax Officer, S/O. Late Shri Chikkaveeraiah, Ward – 7[2][4], 7Th Floor, Bmtc Building, No.47, Uddanahalli Village, Tavarekere Village, 80 Feet Road, Koramangala, Bengaluru South Taluk – 560 082. Bangalore – 560 095. Pan : Akapm 4763 C Appellant Respondent Assessee By : Shri. B. S. Balachandran, Advocate Revenue By : Smt. Lakshmi K, Jcit Date Of Hearing : 09.01.2019 Date Of Pronouncement : 15.02.2019
For Appellant: Shri. B. S. Balachandran, AdvocateFor Respondent: Smt. Lakshmi K, JCIT
Section 142(1)Section 144Section 147Section 148Section 54F
section (I) shall be deemed to be income chargeable under the head "Capital gains" relating to long-term capital assets of the previous year in which such new asset is transferred.'.
10. From the extract as mentioned above, it is clear that the entire sale consideration has to be invested in order to claim full exemption. The Page
