DCIT, CIR-1, SILIGURI, SILIGURI vs. SMT JENNIFER CHAKRABORTY, SILIGURI
In the result, the appeal filed by the Revenue (in ITA No
ITA 400/KOL/2016[2011-2012]Status: DisposedITAT Kolkata31 Jul 2018AY 2011-2012
Bench: Shri S. S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.400/Kol/2016 ("नधा"रणवष" / Assessment Year: 2011-12) Dcit, Circle-1, Siliguri Vs. Smt. Jennifer Chakraborty St. Michael’S School, 2Nd Mile, Sevoke Road, Aayakar Bhawan, Paribahan Nagar, Matigra, Siliguri, Pin-734010. Siliguri "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acppc 9278 B (Revenue) .. (Assessee)
For Appellant: Shri Subash Agarwal, AdvocateFor Respondent: Shri S. Dasgupta, Addl. CIT(DR)
Section 143(3)Section 54
45. All that the section looks at is the transfer of a capital asset held as understood under section 2(14) of the Act and under section 2(47) of the Act.
According to us, the AO failed to appreciate that the assessee has acquired a legal right in the capital asset in terms of Section. 2
