SHRI T.N. RAJAMOHAN,CHENNAI vs. ACIT, CHENNAI
In the result, the assesse’s appeal is partly allowed
ITA 2540/CHNY/2016[2009-10]Status: DisposedITAT Chennai20 Apr 2018AY 2009-10
Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman
For Appellant: Shri. S. Sridhar, AdvocateFor Respondent: Shri ARV Sreenivasan, JCIT
Section 143(3)Section 54F
condonation of delay in filing the
appeal before the First Appellate Authority considered the maintainability of
the assessed Short Term Capital Gains for testing the new fresh claim for tax
exemption. In the said case, the assessee offered the surplus from the sale of
agricultural lands as Short Term Capital Gains and not claimed tax exemption
by mistake. The fresh