THE PR COMMISSIONER OF INCOME TAX vs. SMT SAROJINI M KUSHE
Appeal stands dismissed
ITA/475/2016HC Karnataka01 Dec 2021
Bench: S.SUJATHA,HANCHATE SANJEEVKUMAR
Section 260Section 260ASection 48Section 50CSection 50D
68,19,443/- as
capital gains by adopting cost of construction as sale
consideration based on JDA between the assessee and
M/s R&S Turnkey Contractors Private Ltd.
5.
Being aggrieved, the assessee preferred an
appeal before the Commissioner of Income Tax (Appeals)
which came to be allowed directing the assessing officer
to adopt fair market value basing
