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2 results for “reassessment”+ Section 50Cclear

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Key Topics

Section 50C2Long Term Capital Gains2Addition to Income2

LALIT KUMAR JALAN,JALAN PHARMACEUTICALS vs. ITO WARD-1(1), CUTTACK

In the result, appeal of the assessee is allowed with the directions

ITA 335/CTK/2024[2018-19]Status: HeardITAT Cuttack17 Oct 2024AY 2018-19
Section 142(1)Section 50C

reassessment. Therefore, the scope of section 142A is very vide which also includes reference to valuation officer for valuation to compute capital gains. Since sections 50C

SRI NIHAR RANJAN BEHERA,BHUBANESWAR vs. ITO, WARD-2(2), BHUBANESWAR

In the result, appeal of the assessee is partly allowed

ITA 351/CTK/2017[2009-10]Status: DisposedITAT Cuttack17 May 2018AY 2009-10

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2009-2010

Shri S.K.Jena, AR
For Appellant:
For Respondent: Shri D.K.Pradhan, DR
Section 147Section 50C(1)

reassessment proceeding by basing on the reasons of the erstwhile assessing officer, which is non application of mind on his part. Thus the reopening as well as the impugned assessment order has been incorrectly made by Asse ssment Year : 20 09- 201 0 the Ld. A.O, therefore unsustainable and impermissible under law.” 3. No submissions were advanced