VARSHA SHRIKANT PARANJAPE,MUMBAI vs. ASSTT. COMMISSIONER OF INCOME TAX - 25(3) , MUMBAI
In the result, the appeal of the assessee is allowed
ITA 3252/MUM/2023[2011-12]Status: DisposedITAT Mumbai20 Oct 2023AY 2011-12
Bench: Shri Aby T Varkey & Shri Amarjit Singhvarsha Shrikant Vs. Acit, Circle 25(3) Paranjape, Paranjape C-10, 6Th Floor, Room No. Bungalow, 2Nd Floor, 34, 601, Pratyaksha Kar Mg Road, Vile Parle Bhavan, Bandra Kurla (East), Mumbai – 400057 Complex, Bandra (E) Mumbai – 51 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No:Aaapp6199H Appellant .. Respondent [ Appellant By : Ronak Doshi, Chaitanya Doshi & Karan Jain Respondent By : Vithal Machindra Bhosale Date Of Hearing 05.10.2023 Date Of Pronouncement 20.10.2023
For Appellant: Ronak DoshiFor Respondent: Vithal Machindra Bhosale
Section 147Section 148Section 234Section 234BSection 45(4)
reassessment proceedings.
2.2
The Appellant prays that the Id. CIT(A) be directed to adjudicate the grounds on merits
WITHOUT PREJUDICE TO GROUND NO. 1 and 2:
GROUND NO. 3: NOTIONAL CAPITAL GAIN CANNOT BE TAXED:
3.1
On the facts and in the circumstances of the case and in law, the ld. AO erred in substituting full value of consideration
