SRI.ESSA ISMAIL SAIT,ERNAKULAM vs. THE ACIT,CIR-2(1),, ERNAKULAM
In the result, the appeal of the assessee is partly allowed and the appeals
ITA 605/COCH/2005[1999-2000]Status: DisposedITAT Cochin17 Jan 2019AY 1999-2000
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
Section 2(24)(vi)Section 48
capital gains from the sale of M/s. Kavitha Theatre at an amount of Rs.6.5 crores
as against the declared sale consideration of Rs.2,74,95,000/- shown by the
assessee in the return of income.
5.5 In the meantime, the DDI (Inv-II), Ernakulam received information that
there was suppression of sale consideration in the document of transfer