BASANT GROVER,JABALPUR vs. INCOME TAX OFFICER WARD 2(3), JABALPUR
In the result, the appeal filed by the assessee is allowed partly for statistical purposes
ITA 93/JAB/2022[2013-14]Status: DisposedITAT Jabalpur20 Sept 2023AY 2013-14
Bench: Shri Om Prakash Kantshri Pavan Kumar Gadalebasant Grover, Vs Ito, 245/2, Behind Ashoka Ward-2(3), Apartment, Madanmahal, Jabalpur. Jabalpur-482002 (M.P.) (Appellant) (Respondent) Pan No. Adbpg3734F Assessee By None Revenue By Shri Rajesh Kumar Gupta, Sr.Dr Date Of Hearing 13/09/2023 Date Of Pronouncement 20/09/2023
Section 250Section 271(1)(c)Section 54Section 68
Long term Capital Gain of Rs.
12,55,692/-(infra) is calculated after taking the Sale consideration of Rs.22,11,000/- instead of Rs.
15,98,000/; the Ld. CIT(A), NFAC erred in confirming addition of Rs.6, 13,000/- vide Para 5.2 of the order invoking Sec 68 and initiating Penalty proceedings u/s 271
