DCIT, NCC - 2 (1),, CHENNAI vs. SHRI SAILENDRA KUMAR KETHINENI,, CHENNAI
In the result, the appeal filed by the Revenue is partly allowed for statistical purposes and the CO filed by the assessee is dismissed
ITA 2263/CHNY/2019[2012-13]Status: DisposedITAT Chennai24 Feb 2020AY 2012-13
Bench: Shri Inturi Rama Rao & Shri Duvvuru R.L. Reddyआयकर अपील सं./I.T.A. No. 2263/Chny/2019 िनधा"रण वष"/Assessment Year: 2012-13 & C.O. No. 104/Chny/2019 [In I.T.A. No. 2263/Chny/2019] The Deputy Commissioner Of Shri Sailendra Kumar Kethineni, Income Tax Vs. No. 61, Greenways Road, R.A. Puram, Non Corporate Circle 2(1), Chennai 600 028. Chennai 600 034. [Pan:Aafpk8983P] (अपीलाथ" /Appellant) (Respondent/Cross Objector) अपीलाथ" की ओर से / Appellant By : Shri Abani Kanta Nayak, Cit ""थ" की ओर से/Respondent By : Shri M. Karunakaran, Advocate सुनवाई की तारीख/ Date Of Hearing : 18.02.2020 घोषणा की तारीख /Date Of Pronouncement : 24.02.2020 आदेश /O R D E R Per Duvvuru Rl Reddy: The Appeal Filed By The Revenue Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 2, Chennai Dated 10.04.2019 Relevant To The Assessment Year 2012-13. The Effective Grounds Raised By The Revenue Are That The Ld. Cit(A) Has Erred In Deleting The Addition Made In Respect Of Employees Contribution Towards Pf/Esi & Treating The Sale Of Land In Sholinganallur As Capital Asset On The Basis Of Book Entry Without Appreciating That Book Entries Are Not Determinative Of Income Of Assessee.
For Appellant: Shri Abani Kanta Nayak, CITFor Respondent: Shri M. Karunakaran, Advocate
Section 139(1)Section 143(3)Section 148Section 43B
house property, business income besides capital gains and income from other sources. The assessee filed the return of income for the assessment year 2012-13 on 30.09.2012 admitting an income of ₹.12,85,67,130/-. The assessment under section 143(3) of the Income Tax Act, 1961 [“Act” in short] was completed by determining the total income
