CHANDRA KANTA FALOR,DURGAPUR vs. A.C.I.T.,CIRCLE-1, DURGAPUR
In the result, the appeal of the assessee is allowed
ITA 280/KOL/2020[2015-16]Status: DisposedITAT Kolkata16 Mar 2022AY 2015-16
Bench: Shri Rajesh Kumar, Hon’Ble & Shri Sonjoy Sarma, Hon’Ble] [Through Virtual Court] I.T.A. No. 280/Kol/2020 Assessment Year: 2015-16 Chandra Kanta Falor.................................................................................................................Appellant A-36, Armstrong Apartment, Sector – 2A, Bidhannagar, Durgapur – 713212. [Pan: Ajpf 7591 E] Vs Acit, Circle – 1, Durgapur..................………………………………………...............................Respondent Appearances By: Shri Arvind Agarwal, Ar Appearing On Behalf Of The Assessee Smt. Ranu Biswas, Acit, Appearing On Behalf Of The Revenue: Date Of Concluding The Hearing : February 02, 2022 Date Of Pronouncing The Order : March 16, 2022 Order Per Sonjoy Sarma, Jm
For Respondent: Date of concluding the hearing : February 02, 2022
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 271BSection 44A
capital gain has been accepted by u/s 44AB of the Act. The transaction is covered u/s 45 of the Act and is not liable to be covered u/s 28 of the Act. The assessee calculated the turnover on the basis of guidance of Institution of Chartered Accountant of India. So far as the transaction on non-delivery basis is concerned
