C.R.PARTHIBAN,CHENNAI vs. ITO, CHENNAI
In the result, the appeal of the Assessee it is dismissed
ITA 1023/CHNY/2017[2012-2013]Status: DisposedITAT Chennai31 Mar 2022AY 2012-2013
Bench: Shri Mahavir Singhand Dr. M.L. Meenaआयकर अपील सं./Ita No.:1023/Chny/2017 िनधा"रण वष"/Assessment Year: 2012 - 2013
For Appellant: Mr. K. Gopalakrishnan, AdvocateFor Respondent: Mr. Guru Bashyam, CIT
Section 143(1)Section 143(2)Section 143(3)Section 45Section 47Section 54
Capital Gains Accounts Scheme’. The amount, so deposited along with the amount already utilized for purchase or construction of the new asset will be treated as cost of the new asset for the purpose of Section 54(1) of the Act.
(9)
I had acquired the land (comprised in the new property) only to construct an house property
