RITA SUNIL SHAH,MUMBAI vs. INCOME TAX OFFICER(IT) 4(2)(1), MUMBAI
The appeals are partly allowed
ITA 4070/MUM/2023[2011-12]Status: DisposedITAT Mumbai13 May 2024AY 2011-12
Bench: Prashant Maharishi, Am & Shri Raj Kumar Chauhan, Jm The Income Tax Officer(It) Sunil Amritlal Shah 4(2)(1) C/O Vimal Punimiya & Room No. 1708, Co.,501, 17Th Floor, Vs. Niranjan, Air India Building, 99, Marine Drive, Nariman Point, Mumbai 400002 Mumbai 400021 (Appellant) (Respondent) Pan No. Hvnps5321F The Income Tax Officer(It) Rita Sunil Shah 4(2)(1) C/O Vimal Punimiya & Room No. 1708, Co.,501, 17Th Floor, Vs. Niranjan, Air India Building, 99, Marine Drive, Nariman Point, Mumbai 400002 Mumbai 400021 (Appellant) (Respondent) Pan No. Djgps8073B
For Respondent: Shri Soumendu Kumar Dash–
Section 142Section 144Section 144CSection 147Section 148Section 254Section 271(1)(c)Section 54
house property on 02/02/2011 claimed deduction of long term capital gain in terms of provisions of section 54 of the act.The learned assessing officer took date of purchase agreement 25/7/2009 as date purchase of property , the deduction under section 54 of the act was not allowed.
012. Thus, draft assessment order under section 144C (1) of the act was passed
