M/S JAICO AUTOMOBILE ENGINEERING COMPANY PVT LTD ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-11(5), BANGALORE
In the result, the appeal by the assessee is dismissed
ITA 933/BANG/2017[2007-08]Status: DisposedITAT Bangalore11 Oct 2021AY 2007-08
Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2007-08
For Appellant: Smt. Sheetal Borkar, AdvocateFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 2(47)(v)Section 234ASection 45Section 53A
1 DTR 321, which was confirmed by the High Court of Karnataka. Even assuming that possession has been given on 30.11.2007, capital gain would arise for the assessment year 2008-09 and not for the relevant assessment year. Thus, the ld. AR submitted that on this ground alone the impugned computation of capital gains as made is required
