ASSISTANT COMMISSIONER OF INCOME TAX, KOTTAYAM vs. THOMAS CHANDY, KANJIRAPALLY
In the result, the appeal filed by the Revenue stands partly allowed for statistical purposes
ITA 243/COCH/2024[2012-13]Status: DisposedITAT Cochin31 Jul 2025AY 2012-13
Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year: 2012-13 Asst. Commissioner Of Income Tax .......... Appellant Public Library Buiulding, Shastri Road Kottayam 686001 [Pan: Adzpc3009P] Vs. Thomas Chandy .......... Respondent Karimpanal Post, Post Box No. Vizhikithode, Kanjirpally 686507 Appellant By: Smt. Veni Raj, Cit-Dr Respondent By: Shri R. Krishnan, Ca Date Of Hearing: 12.06.2025 Date Of Pronouncement: 31.07.2025
For Appellant: Smt. Veni Raj, CIT-DRFor Respondent: Shri R. Krishnan, CA
Section 148Section 2(47)
481/-.
4. Being aggrieved, an appeal was filed before the CIT(A), contending that the power of attorney executed in favour of the developer does allow possession of the property for the purpose of carrying out the project. The joint development agreement entered into with the developer on 09.01.2012 was not a registered one.
Therefore, there was no transfer within
