SRI RAJA REDDY KIRAN ,BANGALORE vs. THE INCOME TAX OFFICER WARD-1(2)(3), BANGALORE
In the result, the assessee’s appeal for assessment year 2006-07 is partly allowed
ITA 3117/BANG/2018[2006-07]Status: DisposedITAT Bangalore15 Feb 2019AY 2006-07
Bench: Shri Jason P Boazassessment Year : 2006-07 Shri. Raja Reddy Kiran, Vs. The Income Tax Officer, C/O M/S. Shiv Service Centre, Ward - 1(2)(3), #14/1, Murphy Road, Bangalore. Ulsoor, Bangalore – 560 008. Pan : Adipk 7782 L Appellant Respondent Assessee By : Shri. V. Srinivasan, Advocate Revenue By : Smt. Lakshmi K, Jcit Date Of Hearing : 10.01.2019 Date Of Pronouncement : 15.02.2019
For Appellant: Shri. V. Srinivasan, AdvocateFor Respondent: Smt. Lakshmi K, JCIT
Section 143(3)Section 147Section 148Section 2(47)(v)Section 54Section 54F
reassessment proceedings and the AO concluded the assessment u/s 143(3) r.w.s. 147 of the Act vide order dated 25.03.2013, wherein the capital gains arising on account of JDA dated 30.01.2006 was determined at Rs.16,12,844/-. The assessee’s claim for exemption