KARTAR SINGH,ROHTAK vs. ACIT, CIRCLE- 42(1), NEW DELHI

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Sh. C. M. Gargdr. B. R. R. Kumarita No. 3268/Del/2019 : Asstt. Year : 2010-11 Kartar Singh, Vs Acit, C/O S.K. Bansal, Ca, Circle-42(1), 101, First Floor, Kochar Market, New Delhi-11 Jhajjar Road, Opp. Khanu Mandi, Rohtak, Haryana-12001 (Appellant) (Respondent) Pan No. Cskps5940K Assessee By : None Revenue By : Sh. Amit Katoch, Sr. Dr Date Of Hearing: 19.07.2023 Date Of Pronouncement: 05.09.2023 Order Per Dr. B. R. R. Kumar:

55A, 142(2A), etc. are not applicable in such cases because fair market value is not applicable under such circumstances without the option of the assessee. 6. That the ld. A.O. has erred in law as well as on facts in initiating proceedings u/s 147 on the basis of full value of sale consideration without deducting 4 Kartar Singh there

KUSUM MITTAL ,HARYANA vs. DCIT, CC-1, GURGAON

Bench: Shri M. Balaganesh & Shri Yogesh Kumar U.S.

55A of the Act despite specific request by the appellant and therefore addition made is illegal, invalid and void-ab-initio. Prayer It is therefore, prayed that it be held that assessment made by the learned Assessing officer and sustained by the learned Commissioner of Income Tax (Appeals) deserves to be quashed as such. It will be further held disallowance