ITO, CHENNAI vs. PRAVIN KUMAR JAIN, CHENNAI

In the result, the appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddyआयकर अपील सं./I T.A. No. 764/Mds/2016 "नधा"रण वष"/Assessment Year:2008-09 The Income Tax Officer, Shri Pravin Kumar Jain, Company Ward 5(1), Vs. No. 123, Mint Street, Sowcarpet, 121, Uthamar Gandhi Salai, Chennai 600 079. Chennai 600 034. [Pan:Aahpp9122B] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri A.V. Sreekanth, Jcit ""यथ" क" ओर से/Respondent By : Shri A.S. Sriraman, Advocate सुनवाई क" तार"ख/ Date Of Hearing : 06.04.2017 घोषणा क" तार"ख /Date Of Pronouncement : 23.06.2017 आदेश /O R D E R Per Duvvuru Rl Reddy: This Appeal Filed By The Revenue Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals) 3, Chennai Dated 18.01.2016 Relevant To The Assessment Year 2008-09. The Only Effective Ground Raised In The Appeal Of The Revenue Is That The Ld. Cit(A) Has Erred In Deleting The Long Term Capital Gain By Holding That The Joint Venture Agreement Did Not Result In Transfer Of Capital Asset In The Year Under Consideration.