DCIT,CENT CIR-2(4), HYDERABAD, HYDERABAD vs. CLEAN CITY ESTATES PRIVATE LIMITED, HYDERABAD, HYDERABAD
In the result, appeal of the revenue is dismissed
ITA 1624/HYD/2016[2011-12]Status: DisposedITAT Hyderabad20 Feb 2020AY 2011-12
Bench: Smt. P. Madhavi Devi & Shri A. Alankamonyassessment Year: 2011-12 Dy. Commissioner Of Vs. Clean City Estates Pvt. Ltd., Income-Tax, Hyderabad. Central Circle – 2(4), Hyderabad. Pan – Aaccc4799H Appellant Respondent Revenue By: Shri Y.V.S.T. Sai Assessee By: Shri A.V. Raghuram Date Of Hearing: 11/12/2019 Date Of Pronouncement: 21/02/2020 O R D E R Per Smt. P. Madhavi Devi, J.M.:
For Appellant: Shri A.V. RaghuramFor Respondent: Shri Y.V.S.T. Sai
Section 143(3)Section 153CSection 2(47)
55A of the Transfer of Property Act, at the cost of repetition, is only for the purpose of transfer under section 2(47) which, in turn, is relevant, as it states in so many words by using the expression “transfer", in relation to a capital asset, includes”, only for the purposes of capital assets under the Income
