DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), BENGALURU, BENGALURU vs. DECCAN CHARTERS PVT LTD, BANGALORE
In the result, the appeal filed by the revenue stands partly allowed for statistical purposes
ITA 1179/BANG/2024[2019-20]Status: DisposedITAT Bangalore07 Aug 2024AY 2019-20
Bench: Smt. Beena Pillai & Shri Waseem Ahmedassessment Year : 2019-20 M/S. Deccan Charters Pvt. Ltd., The Deputy Jakkur Aerodrome, Commissioner Of Bellary Road, Income Tax, Jakkur B.O., Circle – 2(1)(1), Bangalore North, Bangalore. Vs. Bangalore – 560 064. Pan: Aaccd9105G Appellant Respondent
For Appellant: Smt. Sunaina Bhatia, CAFor Respondent: Shri D.K. Mishra, CIT-DR
Section 143(1)Section 143(1)(a)Section 50Section 50B
capital gains under Section 50B of the Act.
2. The Addl. CIT/JCIT(A) has ignored the methodology for determining net worth