MAYURA NILESH LATI,NAGPUR vs. ITO WARD 4(4), NAGPUR, NAGPUR
In the result, Assessee’s appeal is allowed for statistical purposes
ITA 96/NAG/2025[2015-2016]Status: DisposedITAT Nagpur26 Jun 2025AY 2015-2016
Bench: Shri Narender Kumar Choudhrymayura Nilesh Lati, Ito, Ward-4(4), Nagpur B-01, Padmanabh Residency, Plot No.16/B, Tilaknagar, Vs. Nawabarea Layout, Near Whc Road, Dharampeth, Nagpur. Pan: Aevpl 2151 E (Appellant) (Respondent)
For Appellant: Shri Yash Varma, Ld. CA throughFor Respondent: Shri Surjit Kumar Saha, Ld. Sr.D.R
Section 147Section 148Section 250Section 49(1)
capital gain of the Assessee’s share at Rs.
37,87,667 being 1/3rd and accordingly framed assessment u/sec.
147 r.w.s. 144B of the Act.
6. The Assessee, being aggrieved, preferred first appeal before the Ld. Commissioner. The Ld. Commissioner held that since the property was inherited by the Assessee, cost of acquisition by the previous owners should have been
