CLINT MARTEL WILFRED,ERNAKULAM vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE, KOCHI, KOCHI
In the result, the appeal of the assessee is allowed
ITA 206/COCH/2021[2016-2017]Status: DisposedITAT Cochin19 Dec 2022AY 2016-2017
Bench: Shri N. V. Vasudevan & Ms. Padmavathy S.Assessment Year : 2016-17
For Appellant: Shri Saroj Kumar Parida, AdvocateFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 143(2)Section 154Section 50C
154
dated 17.11.2020 was passed for the reason that for the purpose of stamp duty in respect of the property sold by the assessee, the value considered was Rs.1,22,94,000 whereas the assessee has computed the capital gain taking the sale consideration as per the Deed i.e.,
Rs.1,01,40,000. The assessee contended before the AO that
