SONALI MAHENDRA NAIK GAUNEKAR,PANAJI vs. ASST. UNIT, NFAC, I. T. DEPARTMENT, DELHI
The appeal stands allowed for statistical purposes
ITA 312/PAN/2025[2016-17]Status: DisposedITAT Panaji27 Nov 2025AY 2016-17
Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali
For Appellant: Mr Rahul Sarda [‘Ld. AR’]For Respondent: Mr Naveen Kumar [‘Ld. DR’]
Section 143(2)Section 147Section 148Section 250Section 253(1)Section 263Section 50CSection 50C(1)
148 of the Act, was reopened for re- assessing difference of capital gain arising out of deviation in the value of sale consideration recorded/shown vis-à-vis stamp duty valuation adopted in relation sale of immovable property by the assessee. Invoking the provisions of section 50C of the Act the Ld. AO brought difference of capital gain