NETRANANDA NAYAK,PURI vs. ITO, PURI WARD, PURI
In the result, appeal of the assessee stands partly allowed for statistical purposes
ITA 274/CTK/2023[2013-14]Status: DisposedITAT Cuttack27 Jan 2025AY 2013-14
Bench: Before Shri George Mathanmember & Manish Agarwal Manish Agarwalassessment Year : 2013-14 Netrananda Netrananda Nayak, Nayak, At: At: Vs. Income Tax Officer, Puri Income Tax Officer, Puri Khandiabandha, Khandiabandha, Po: Po: Word, Puri. Gopinathpur, Atharnala, Puri Gopinathpur, Atharnala, Puri Pan/Gir No. No.Ajspn 1567 C (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri Niranjan Panda, Ca Niranjan Panda, Ca Revenue By : Shri S.C.Mohanty, Sr Dr : Shri S.C.Mohanty, Sr Dr Date Of Hearing : 27/01/20 2025 Date Of Pronouncement : 27/01/20 025 O R D E R Per Bench This Is An This Is An Appeal Filed By The Assessee Against The Order Of The Ld Appeal Filed By The Assessee Against The Order Of The Ld Cit(A), Nfac, Delhi Dated Cit(A), Nfac, Delhi Dated 30.6.2023 In Appeal No. Cit(A),Bhubaneswar 30.6.2023 In Appeal No. Cit(A),Bhubaneswar- 2/10186/2019-20 20 For The Assessment Year 2013-14. 2. Shri Niranjan Niranjan Panda, Ld Ar Appeared For The Assessee & Shri The Assessee & Shri S.C.Mohanty, Sr. , Sr. Dr Appeared For The Revenue.
For Appellant: Shri Niranjan Panda, CAFor Respondent: Shri S.C.Mohanty, Sr DR
Section 148
250(6) of the Income Tax Act 1961 is not just and correct on the facts and circumstances of the case.
2. For that the learned CIT (Appeal) NFAC is grossly erred in confirming the addition of Rs. 2,03,68.4801 as Long Term Capital
Gain, on compulsory acquisition of land by Govt of Odisha, ignoring the fact that
