MR. SAGIR ALAM KHAN,KEONJHAR vs. INCOME TAX OFFICER, KEONJHAR WARD, , KEONJHAR
In the result, appeal of the assessed is partly allowed for statistical purposes
ITA 354/CTK/2025[2017-18]Status: DisposedITAT Cuttack11 Aug 2025AY 2017-18
Bench: Shri George Mathan & Shri Rajesh Kumarआयकर अपील सं/Ita No.354/Ctk/2025 (नििाारण वर्ा / Assessment Year : 2017-2018) Mr. Sagir Alam Khan, Vs Ito, Keonjhar Ward, Keonjhar At : Magurgadia, Po: Keonjhargarh Dist : Keonjhar-758001 Pan No. : Anvpk 1400 E (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) नििााररती की ओर से /Assessee By : Shri B.R.Panda, Advocate राजस्व की ओर से /Revenue By : Shri Vijay Singh, Sr. Dr सुनवाई की तारीख / Date Of Hearing : 11/08/2025 घोषणा की तारीख/Date Of Pronouncement : 11/08/2025
For Appellant: Shri B.R.Panda, AdvocateFor Respondent: Shri Vijay Singh, Sr. DR
Section 56(2)(vii)Section 69
delay of 161 days in filing the present appeal by the assessee is condoned and the appeal is admitted for hearing.
3. It was submitted by the ld. AR that the assessee is engaged in the business of footwear. The assessee had purchased a property for Rs.14
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lakhs whereas the actual value has been shown at Rs.22 lakhs