JAMES KUDAKUTHIYIL CHACKO,KERALA vs. DCIT, INTERNATIONAL TAXATION CRICLE, TRIVANDRUM
In the result, appeal is allowed for statistical purposes
ITA 863/COCH/2022[2012-13]Status: DisposedITAT Cochin08 Mar 2023AY 2012-13
Bench: Shri George George K & Ms. Padmavathy Sassessment Year :2012-13 James Kudakuthiyil Chacko, Dcit, Vs. Kbc Enclaves, International Taxation Circle, Laikadu, Perunna P.O. Trivandrum. Changanacherry, Kerala – 686 102. Pan :Ajbpc 2186 R Assessee Respondent
For Appellant: Shri. R. Krishnan,CAFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 131Section 5(1)Section 69
house property
–
Rs.28,000/- iii.
Business loss
–
Rs.35,52,891/- iv.
Long term capital loss
–
Rs.22,14,862/- v.
Short term capital gain
–
Rs.7,87,187/- vi.
Income from other sources
–
Rs.2,60,601/-.
3. During the course of Assessment, the AO noticed that the assessee has sold 1.66 acres of land for a consideration of Rs.2 Crores
