DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), NAGPUR vs. M/S. AAKAR HOTELS, NAGPUR
In the result, appeal of the revenue is dismissed
ITA 47/NAG/2023[2013-14]Status: DisposedITAT Nagpur09 Jun 2025AY 2013-14
Bench: Shri V. Durga Rao, Hon'Ble & Shri K.M. Roy, Hon'Ble Accountant, Member
Section 147Section 148
section 148 of the Act, assessee filed NIL return of income
for the year under consideration i.e. A. Y. 2016-17. Assessing Officer concluded the assessment
vide assessment order dated 24.08.2021 and assessed total income at Rs.2,67,14,897/- by making
addition of Rs.2,67,14,897/- on account of Long Term Capital Gain (In short “LTCG”) arising