MAHENDRA PURUSHOTTAM NAIK GAUNEKAR,PANAJI vs. INCOME TAX OFFICER, PANAJI
Accordingly. The ground thus stands allowed
ITA 12/PAN/2024[2016-17]Status: DisposedITAT Panaji01 Jul 2025AY 2016-17
Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali
For Appellant: Mr Rahul Sarda [‘Ld. AR’]For Respondent: Mr Capt. Pradeep Arya [‘Ld. DR’]
Section 143(2)Section 147Section 148Section 250Section 253(1)Section 50CSection 50C(1)
capital gains (Long Term) of Rs.
2,93,33,256 being the difference between the stamp duty value of Rs. 14,32,37,500 adopted by him and actual sale consideration of Rs. 11,39,04,244 although it was legally impermissible for the assessing officer to adopt the above stamp duty value