DR. (LATE) S.ASHOK REP BY DR. ANISHA ASHOK, LEGAL REPRESENTATIVE,CHENNAI vs. ACIT NON CORPORATE CIRCLE I(1), CHENNAI
In the result, the appeal filed by the assessee is allowed for statistical purposes
ITA 749/CHNY/2019[2010-11]Status: DisposedITAT Chennai12 Apr 2022AY 2010-11
Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. No. 749/Chny/2019 िनधा"रण वष"/Assessment Year:2010-11 Dr. (Late) S. Ashok, The Assistant Commissioner Of Represented By Dr. Anisha Ashok Vs. Income Tax, Non Corporate Circle 1(1), Legal Representative, 121, G.N. Chetty Income Tax Office, Room No. 309, Iii Road, T. Nagar, Chennai 600 017. Floor, Wanaparthy Block, 121, M.G. [Pan:Aabpa2448M] Road, Chennai 600 034. (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri R. Vijayaraghavan, Advocate ""थ" की ओर से/Respondent By : Shri G. Johnson, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 06.04.2022 घोषणा की तारीख /Date Of Pronouncement : 12.04.2022 आदेश /O R D E R Per V. Durga Rao,: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals) 2, Chennai, Dated 14.12.2018 Relevant To The Assessment Year 2010-11. Challenging The Appellate Order Of Confirming The Property Acquired Is A Residential Building & Not A ‘Business Asset’ As Claimed By The Assessee.
For Appellant: Shri R. Vijayaraghavan, AdvocateFor Respondent: Shri G. Johnson, Addl. CIT
Section 143(1)Section 143(3)Section 147Section 148
160/-. The same was processed under section 143(1) of the Income Tax Act, 1961 [“Act” in short]. After following due procedures, the assessment under section 143(3) of the Act was completed on 07.03.2013 by assessing total income of the assessee at ₹.1,40,44,383/-. Subsequently, since the Assessing Officer believed that the income chargeable
