SMT HAFIZ SHAIKH,DEWAS vs. THE ITO WARD-1, DEWAS
In the result, appeal of assessee is allowed for statistical purposes
ITA 56/IND/2023[2017-18]Status: DisposedITAT Indore29 May 2023AY 2017-18
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanihafiz Shaikh Ito Ward-1 32/2, Laxmi Park Moti Dewas Vs. Bunglow Dewas (Appellant / Assessee) (Respondent/ Revenue) Pan: Ajups6986 L Assessee By Ms. Richa Parwal, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 25.05.2023 Date Of Pronouncement 29.05.2023
Section 45Section 45(3)Section 54Section 54B
270A is being initiated separately.
6. The provision of section 45(3) contemplates only the deemed consideration in case of transfer of capital asset by the partner to the partnership firm. Therefore, the claim of deduction u/s 54B cannot be denied only because the transfer of the capital asset falls under the provision of section
