DCIT, CHENNAI vs. B ALU JAYARAMAN, CHENNAI
In the result, the appeal filed by the Revenue is allowed for statistical purposes and the Cross Objection filed by the assessee is dismissed
ITA 2923/CHNY/2019[2016-17]Status: DisposedITAT Chennai08 Jun 2022AY 2016-17
Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. No.2923/Chny/2019 िनधा"रण वष"/Assessment Year: 2016-17 & C.O. No. 01/Chny/2022 [In I.T.A. No.2923/Chny/2019] The Deputy Commissioner Of Vs. Shri Balu Jayaraman, Income Tax, Corporate Circle 2(2), No. 8, Op Raman Street, Room No. 512, 5Th Floor, Wanaparthy Gandhi Nagar, Avadi, Block 121, M.G. Road, Chennai 600 054. Chennai – 600 034. [Pan: Aacpj8700C] (अपीलाथ" /Appellant) (""थ"/Respondent/Cross Objector) Department By : Shri Sajit Kumar, Jcit Assessee By : Shri J. Prabhakar, F.C.A. सुनवाई की तारीख/ Date Of Hearing : 24.05.2022 घोषणा की तारीख /Date Of Pronouncement : 08.06.2022 आदेश /O R D E R Per V. Durga Rao: The Appeal Filed By The Revenue & The Cross Objection Filed By The Assessee Are Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 6, Chennai, Dated 11.07.2019 Relevant To The Assessment Year 2016-17. Besides, Challenging The Grounds On Merits, The Revenue Has Raised A Specific Ground That The Ld. Cit(A) Has Omitted To Call For Remand Report Under Rule 46A Of Income Tax Rules 1962, When The Assessee Furnished Details/Fresh Evidence In Support Of Its Claim
For Appellant: Shri J. Prabhakar, F.C.AFor Respondent: Shri Sajit Kumar, JCIT
Section 143(2)Section 143(3)
section 143(3) of the Act dated by assessing total income of the assessee at ₹.4,14,17,813/- after taxing short term capital gain of ₹.1,15,58,644/- and long term capital gain of ₹.2,28,34,135/- by rejecting assessee’s claim of exemption on sale of agricultural lands. On appeal, the ld. CIT(A) deleted both
