P. RAVICHANDRAN,CHENNAI vs. DCIT, CENTRAL CIRCLE 1(3), CHENNAI
In the result, the appeal filed by the assessee is allowed
ITA 582/CHNY/2024[2007-08]Status: DisposedITAT Chennai14 Jun 2024AY 2007-08
Bench: Shri Mahavir Singhand Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 582/Chny/2024 िनधा"रण वष"/Assessment Year: 2007-08 Dr. P. Ravichandran, The Deputy Commissioner No.3, Second Link Street, Vs. Of Income Tax, Raghava Reddy Colony, Central Circle – 1(3), Jaffarkhanpet, Chennai. Chennai – 600 083. Pan: Aahpr 0455M (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri G. Baskar, Advocate Shri I. Dinesh, Advocate ""यथ" क" ओर से/Respondent By : Shri N. Sanjay Gandhi, Jcit सुनवाई क" तारीख/Date Of Hearing : 11.06.2024 घोषणा क" तारीख/Date Of Pronouncement : 14.06.2024
For Appellant: Shri G. Baskar, AdvocateFor Respondent: Shri N. Sanjay Gandhi, JCIT
Section 132Section 143(3)Section 147Section 148Section 153ASection 54B
reassessment order was passed vide order dated 26.12.2011 by making addition on sale of agricultural land by assessee treating the same as business transaction, adding a sum of Rs.2,23,90,000/-.
Aggrieved against this assessment order, assessee preferred appeal before CIT(A). The assessee before CIT(A) challenged the reopening of assessment and CIT(A) in ITA No.106/11-12 dated
