SHRI BANWARI LAL SHARMA,JAIPUR vs. INCOME TAX OFFICER, WARD-1-5, JAIPUR
In the result, both the appeals filed by the assessee and Revenue are disposed off in light of aforesaid directions
ITA 475/JPR/2019[2008-09]Status: DisposedITAT Jaipur14 Jun 2021AY 2008-09
For Appellant: Shri Manish Agarwal (CA)For Respondent: Smt Monisha Choudhary (Jt.CIT)
Section 144Section 147Section 160Section 163
section 50C of the Income Tax Act, 1961. On the other hand, in the case of purchasers i.e.
Sh. Vivek Gupta and Sh. Ashish Gupta, assessments were completed u/s 147 /
143(3) of the Act and addition on account of capital gain of Rs. 6,34,62,356/- was made on substantive basis.
9. Against the order