R.VASUDEVAN,CHENNAI vs. ACIT, CHENNAI
In the result, the appeal filed by the assessee is dismissed
ITA 542/CHNY/2016[2012-13]Status: DisposedITAT Chennai23 Jun 2017AY 2012-13
Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddyआयकर अपील सं./I T.A. No. 542/Mds/2016 "नधा"रण वष"/Assessment Year:2012-13 Shri R. Vasudevan, The Assistant Commissioner Of Flat No. R-35, Tnhb Complex, T.S. Vs. Income Tax, Krishna Nagar, Mogappair, Central Circle I(1) Chennai 600 050. Chennai. [Pan:Aappv1970J] (अपीलाथ" /Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से / Appellant By : Shri G. Baskar, Advocate & Ms. S. Sriniranjani, Advocate ""यथ" क" ओर से/Respondent By : Shri A.V. Sreekanth, Jcit सुनवाई क" तार"ख/ Date Of Hearing : 05.04.2017 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 Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 18, Chennai, Dated 26.08.2015 Relevant To The Assessment Year 2012-13. The Only Effective Ground Raised In The Appeal Of The Assessee Is That The Ld. Cit(A) Has Erred In Confirming The Denial Of Exemption Under Section 54F Of The Income Tax Act, 1961 [“Act” In Short].
For Appellant: Shri G. Baskar, Advocate &For Respondent: Shri A.V. Sreekanth, JCIT
Section 142(1)Section 143(2)Section 143(3)Section 234ASection 54Section 54F
house property at ₹.8,53,421/-, capital gain from sale of land at ₹.16,24,088/-, income from other sources at ₹.4,04,533/- and also declared loss from business of real estate at ₹.1,08,212/-. The return filed by the assessee was selected for scrutiny and notice under section 143(2) of the Act dated 04.09.2014 was served
