PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA vs. M/S EMPORIS PROPERTIES PVT LTD
ITAT/59/2023HC Calcutta30 Mar 2023
Bench: : The Hon’Ble Justice T.S. Sivagnanam & The Hon’Ble Justice Hiranmay Bhattacharyya Date : 30Th March, 2023 Appearance : Ms. Smita Das De, Adv. ...For The Appellant Mr. J. P. Khaitan, Sr. Adv. Mr. G. S. Gupta, Adv. ...For The Respondent. The Court : This Appeal Filed By The Revenue Under Section 260A Of The Income Tax Act, 1961 (The ‘Act’ For Brevity) Is Directed Against The Order Dated 22Nd September, 2022 Passed By The Income Tax Appellate Tribunal, “A” Bench, Kolkata (The Tribunal) In
Section 143(3)Section 147Section 2(4)Section 260ASection 263Section 43C
housing complex on the said land, 55% of the constructed
area will be allotted to the assessee and 45% to the developer.
In the opinion of the PCIT, the Assessing Officer omitted to
examine the transaction of transfer of land held as “Stock-in-
trade” in the light of the provision of Section 43CA of the Act
and this
