THE ACIT, CIR-1(1), ERNAKULAM, ERNAKULAM vs. SRI.JOSE MATHEW, M/S.E.V.MTHAI & SONS, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

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

THEACIT, CIR-1(1),EKM, ERNAKULAM vs. SRI.E.M.JOHNY, KOTHAMANGALAM

In the result, the appeal of the assessee is partly allowed and the appeals