UMRAV SINGH,JAIPUR vs. ITO WARD 1, SRI GANGANAGAR

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)

term capital gains arising from sale of property and further made an addition of Rs.12,52,000/- treating the same as unexplained money under section 69A of the Act. The total assessed income was determined at Rs.72,52,000/-, and consequential demand was raised against the assessee 5. Aggrieved, the assessee filed appeal before the CIT(A), NFAC, Delhi

UTTAM CHAND SINGHI,SIROHI vs. ITO, WARD, SIROHI

Bench: Shri B. R. Baskaran & Dr. S. Seethalakshmishri Uttam Chand Singhi Vs Ito Sadar Bazar, Ward-Sirohi Sirohi (Raj) (Appellant) (Respondent) Pan No. Acups 5999L Shri Bhanwar Lal Singhi Vs Ito Sadar Bazar Ward-Sirohi Sirohi (Raj) (Appellant) (Respondent) Pan No. Acups 5999L

condone the delay and admit the appeals. 3 The common issue urged in both these appeals relate to the issue of adoption of market value as on 01-04-1981 while computing capital gains on sale of a plot, in which both the assessees herein are co-owners. 4 The facts relating to the above said issue are stated