NAGAPPAN SUGANTHI,CHENNAI vs. ACIT NON CORPORATE WARD CIRCLE-22, CHENNAI

Appeal stand allowed for statistical purposes

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.591/Chny/2020 (िनधा)रण वष) / Assessment Year: 2014-15) Smt. Nagappan Suganthi Acit बनाम 3/261, Anna Street, Non-Corporate Circle-22, / Vs. Perumbakkam, Chennai-600 100. Tambaram, Chennai-600 045. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Bzfps-2085-G (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" की ओर से/ Appellant By : Shri D. Anand (Advocate)-Ld.Ar " थ" की ओर से/Respondent By : Shri Ar V Sreenivasan (Addl.Cit)- Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 21-08-2023 घोषणाकीतारीख /Date Of Pronouncement : 23-08-2023 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2014-15 Arises Out Of The Order Of The Learned Commissioner Of Income Tax (Appeals)-10, Chennai [Cit(A)] Dated 27-01-2020 In The Matter Of An Assessment Framed By Ld. Assessing Officer [Ao] U/S.143(3) R.W S. 147 Of The Act On 27-12-2018. The Ld. Sr. Dr Submitted That The Revenue Has Also Filed Cross-Objections Against The Impugned Order On 19-05-2023 In Which The Revenue Submit That Impugned Land Is Situated Within 5.1 Kms. Away From Nearest Municipality I.E. Tambaram & Therefore, The Land Is Capital Asset As Per Amendment To Sec. 2(14) As Applicable From Ay