M/S. JOSEPH GEORGE & CO.,,PATHANAPURAM vs. THE ITO, KOLLAM

In the result, the appeal filed by the assessee is dismissed

Bench: S/Shri Abraham P. George, Am & George George K., Jm

section 147 of the Act was completed by the Assessing Officer vide order dated 11/01/2001 wherein the Assessing Officer had calculated short term capital gains of Rs.6,43,779/- on sale of shops. The calculation of short term capital gains is as follows: The sold shop building Rs.10,10,000/- (sale consideration

REJI KRISHNAN,TRIVANDRUM vs. ITO, WARD-1(1), TRIVANDRUM

In the result, the appeal filed by the assessee is partly allowed and the stay application is dismissed as infructuous