VISHNU CHITHAN RAJAM,CHENNAI vs. ITO NON CORPORATE WARD 2(2), CHENNAI

In the result, both the appeals filed by the assessee are dismissed

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.2132 & 2133/Chny/2019 िनधा"रण वष"/Assessment Years: 2013-14 & 2014-15 Vishnu Chithan Rajam, Vs. The Income Tax Officer, New No. 27, Old No. 11, Sathya Non Corporate Ward 2(2), Narayana Avenue, Off Boat Club Road, Nungambakkam, R.A. Puram, Chennai 600 028. Chennai 600 034. [Pan:Akcpr3287N] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri S.V. Venkateshwaran, Fca ""थ" की ओर से/Respondent By : Shri Ar V Sreenivasan, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 20.12.2022 घोषणा की तारीख /Date Of Pronouncement : 31.01.2023 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against The Common Order Of The Ld. Commissioner Of Income Tax (Appeals) 2, Chennai Dated 03.05.2019 Relevant To The Assessment Years 2013-14 & 2014-15. 2. Brief Facts Of The Case Are That The Assessment Under Section 143(3) Of The Income Tax Act, 1961 Was Completed On 17.03.2016 For Assessment Year 2013-14. The Assessee Had Sold A Capital Asset On 2

disallowing the deduction claimed under section 54B of the Act amounting to ₹.3,08,24,032/-. During the course of original