JASPER AUTO SERVICES PRIVATE LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD
In the result, appeal of the assessee is partly allowed for statistical purposes, in above terms
ITA 705/HYD/2020[2014-15]Status: DisposedITAT Hyderabad28 Oct 2021AY 2014-15
Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2014-15 Jasper Auto Services Pvt. Vs. Dy. Commissioner Of Ltd., Hyderabad. Income-Tax, Circle – 2(1), Hyderabad. Pan – Aaccb 0196P (Appellant) (Respondent)
For Appellant: Shri P. Murali Mohan RaoFor Respondent: Smt. N. Swapna
Section 115JSection 143(3)Section 2Section 50BSection 5O
price; and (ii) in any other case [not being a case falling under sub-clauses (i) to (iv) of sub-section (1) of section 49/, shall be taken to be nil;"
7.7.5 As such, subsequent to insertion of clause (a) to sub-section 2 of section 55 of the Act w.e.f AY 1995-96 onwards the consideration received on transfer
