BIKASH AGARWALLA,BHUBANESWAR vs. ITO, WARD-2(3), BHUBANESWAR
In the result, appeal filed by the assessee is dismissed
ITA 349/CTK/2017[2014-15]Status: DisposedITAT Cuttack16 Apr 2018AY 2014-15
Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2014-2015
For Appellant: Shri Niranjan Mishra, ARFor Respondent: Shri A. Tigga, DR
Section 234ASection 234BSection 234DSection 50C
section 50C of
the Act took the full value of consideration received on sale of house
property as Rs.68,07,250/- and computed the long-term capital gain at
Rs.17,79,936/-. While taking this view, the Assessing Officer took the
cost of acquisition with indexation at the same amount of Rs.50,27,324/-
as disclosed by the assessee
