PRIDE PURPLE PROPERTIES, PUNE,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), PUNE, PUNE
The appeal is allowed FOR STATISTCIAL
ITA 480/PUN/2022[2013-14]Status: DisposedITAT Pune25 May 2023AY 2013-14
Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No. 480/Pun/2022 निर्धारण वर्ा / Assessment Year : 2013-14 Pride Purple Properties, Pride House, 5Th Fl.,S.No.108/7, Shivajinagar, Pune – 411 016 Pan: Aaifp0363B . . . . . . . अपऩलधथी / Appellant बनाम / V/S Dy. Commissioner Income Tax, Central Circle-1(1), Pune . . . . . . . प्रत्यथी / Respondent द्वारा / Appearances Assessee By : Shri Suhas Bora Revenue By : Shri M. G. Jasnani सपिवधई की तधरऩख / Date Of Conclusive Hearing : 12/04/2023 घोर्णध की तधरऩख / Date Of Pronouncement : 12/04/2023 आदेश / Order Per G. D. Padmahshali, Am; As Against First Appellate Order Of Commissioner Of Income Tax(A)-11, [‘Cit(A)’] Dt. 25/01/2022 Passed U/S 250 Of The Income-Tax Act, 1961 [‘The Act’], For Assessment Year [‘Ay’] 2013-14, The Assessee Filed The Present Appeal With The Following Grounds; “1. The Order Of The Ld Cit (A) -11, Pune In The Case Is Opposed To Establish Law & The Judicial Pronouncement.
For Appellant: Shri Suhas BoraFor Respondent: Shri M. G. Jasnani
Section 142ASection 143(3)Section 14ASection 250Section 8D
Capital
Gain’
representing 50% share of difference between fair market value of ₹3,42,80,400/- determined by valuation officer [‘DVO’] on a reference u/s 142A of the Act over sale consideration of ₹3,30,00,000/-.
2.2
The assessee agitated these additions before the Ld. FAA; however of no success the matter travelled to the Tribunal by the extant
