JAGDISH KANHAIYALAL KHUSHALANI,NAGPUR vs. INCOME TAX OFFICER, WARD - 2(3) NAGPUR, NAGPUR

In the result, appeal of the Assessee is allowed for statistical purposes

Bench: Dr. Manish Borad

gain, thereby making the impugned addition after taking note of the sale consideration of ₹ 5,00,000/- received by the assessee as against the stamp duty valuation of ₹ 27,32,000/- mentioned by the assessee in the ITR. Thereafter assessee has filed an application u/s. 154 challenging such prima-facie adjustment, but failed to get any relief. In appeal before

UMESH SADASHIV THAKRE ,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(1), NAGPUR

16A)] and even this Tribunal [section 252] exists, because the same are formed or defined for the “judicial wing” of the Income Tax Act, 1961. 21. In the present case, before we delve into the merits of the arguments related to \"application of mind” under section 153D of the Act, we first need to address the question whether

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

16A)] and even this Tribunal [section 252] exists, because the same are formed or defined for the “judicial wing” of the Income Tax Act, 1961. 21. In the present case, before we delve into the merits of the arguments related to \"application of mind” under section 153D of the Act, we first need to address the question whether

ATUL MANOHARRAO YAMSANWAR,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 2(1), NAGPUR

16A)] and even this\nTribunal [section 252] exists, because the same are formed or defined for the\n“judicial wing” of the Income Tax Act, 1961.\n21. In the present case, before we delve into the merits of the arguments\nrelated to \"application of mind” under section 153D of the Act, we first need to\naddress the question whether