ACIT NON CORPORATE CIRCLE 1(1), CHENNAI vs. ABHAYA KASHMIRA, CHENNAI
In the result, the assessee’s appeal is treated as
ITA 2542/CHNY/2017[2012-13]Status: DisposedITAT Chennai27 Nov 2018AY 2012-13
Bench: Shri N.R.S. Ganesan & Shri S. Jayaramanआयकर अपील सं/.I.T.A. No. 2542/Chny/2017 & Co No: 5/Chny/2018 "नधा"रण वष"/Assessment Year : 2012-13 The Assistant Commissioner Of Income Smt. Abhaya Kashmira, Tax, Vs. No. 6 & 7, Ramgiriextn., Non- Corporate Circle -1(1), Taramani, Velachery Link Road, Formerly Known As Business Circle -1, Chennai – 600 042. Chennai 600 034. [Pan: Aixpk 0809J]
For Appellant: Shri. J. Prabhakar, CAFor Respondent: Shri. K. Mohamed Mustafa, JCIT
Section 14ASection 24ASection 54
property and the rental receipts from the remaining
rooms as an income from business receipts. While making the
assessment, the Assessing Officer after examining all the aspects held
that the assessee had no intention to invest her long term capital gains,
which arose on 06.10.2006 in purchase or acquisition of residential
house, even before investing the sale consideration