SHRI RAJDEEP SINGH CHIMNI,CHANDIGARH vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), CHANDIGARH
In the result, the addition so made and sustained by the ld CIT(A) is hereby deleted and the appeal of the assessee is allowed
ITA 722/CHANDI/2023[2016-17]Status: DisposedITAT Chandigarh28 Aug 2024AY 2016-17
Bench: SHRI. AAKASH DEEP JAIN (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)
For Appellant: Shri Tejmohan Singh, AdvocateFor Respondent: Shri Vivek Vardhan, JCIT, Sr. DR
Section 143(3)Section 154Section 155(15)Section 50CSection 56(2)(vii)
house property at Vasant Kunj for Rs.
99,75J000/- (15% share) whose circle rate valuation was Rs. 1,23,32,085/-
(15% share). The difference in sale consideration based on circle rate and actual rate was Rs. 23,57,085/- (15% share). The assessee was provided with a show cause and he was asked to show cause
