SHRI DEEPAK SURESH GADGE,,NAGPUR vs. DY. CIT, CIRCLE-1 , NAGPUR
In the result, appeal filed by the assessee partly allowed
ITA 23/NAG/2018[2013-2014]Status: DisposedITAT Nagpur28 Nov 2024AY 2013-2014
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Abhay Y. Marathe
Section 234A
houses thereon. The said land has been purchased by the firm, through the assessee as partner, vide purchase deed dated 05/09/2008, and correction deed dated 02/07/2009 for ` 22,50,000. According to the Assessing Officer, this land has been taken by the assessee into stock for previous year in his books of accounts. Since the assessee is engaged