VIJAY VINOD DURAGKAR,NAGPUR vs. INCOME TAX OFFICER WARD 4(4), NAGPUR
In the result, appeal filed by the assessee is partly allowed
ITA 339/NAG/2023[2015-16]Status: DisposedITAT Nagpur18 Nov 2024AY 2015-16
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Kapil HiraniFor Respondent: Shri Abhay Y. Marathe
Section 148Section 56(2)(vii)Section 69
u/s 56(2)(vii)(b) on account of Stamp Duty Valuation
` 7,58,97,000
of Property
Less: Purchase Cost
(–) ` 1,53,02,000
Balance
` 6,05,95,000
50% share (Addition made)
` 3,02,97,500
The assessee was not satisfied with the order so passed by the Assessing
Officer, hence approached first appellate authority for redressal
