KIRTHISIMHAN WIJEYANAYAKE,COIMBATORE vs. ACIT NON CORPORATE CIRCLE 2, COIMBATORE
The appeal stands partly allowed in terms of our above order
ITA 1854/CHNY/2018[2009-10]Status: DisposedITAT Chennai06 Dec 2022AY 2009-10
Bench: Hon’Ble Shri Mahavir Singh & Hon’Ble Shri Manoj Kumar Aggarwal, Am
For Appellant: Shri R. Sivaraman (Advocate) – Ld. ARFor Respondent: Shri P. Sajit Kumar (JCIT) – Ld. DR
Section 143(3)Section 147Section 148Section 50DSection 54
50D and claimed exemption u/s 54 on 2 flats out of 7 flats. The Ld. AO disputed the valuation of the assessee and also opined that exemption u/s 54 would not be available since the flats were handed over to the assessee only on 30.03.2012 which is more than 3 years. The assessee soght reasons for reopening
