M/S. HARMONY CONSTUCTION,NASHIK vs. INCOME-TAX OFFICER, WARD -1(3), NASHIK
The appeal of the assessee is ALLOWED
ITA 234/PUN/2020[2014-15]Status: HeardITAT Pune21 Nov 2022AY 2014-15
Bench: Shri S.S. Viswanethra Ravi & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No. 234/Pun/2020 निर्धारण वर्ा / Assessment Year : 2014-15 M/S Harmony Construction ‘Rim’ Bungalow, Nr Taran Talav, Gaikhe Colony, Nashik Rd, Nashik – 422101 Pan: Aaffh4263F . . . . . . . अपऩलधथी / Appellant बनाम / V/S Income Tax Officer, Ward 1(3), Nashik . . . . . . . प्रत्यथी / Respondent द्वारा / Appearances Assessee By : Shri Sanket Joshi Revenue By : Shri Ramnath Murkunde सपिवधई की तधरऩख / Date Of Conclusive Hearing : 14/10/2022 घोर्णध की तधरऩख / Date Of Pronouncement : 21/11/2022 आदेश / Order Per G. D. Padmahshali, Am; This Appeal Challenges The Order Of Commissioner Of Income Tax (Appeals)-1, Nashik [For Short “Cit(A)”] Dt. 13/11/2019 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”], Which Arose From Assessment Order Dt. 22/12/2016 Passed U/S 143(3) By The Income Tax Officer, Ward-1(3), Nashik [For Short “Ao”] For Assessment Year [For Short “Ay”] 2014-15. 2. The Appellant Assessee Raised Following Grounds;
For Appellant: Shri Sanket JoshiFor Respondent: Shri Ramnath Murkunde
Section 143(3)Section 144ASection 250Section 43C
144A of the Act, who in turn after considering the representation of the appellant, directed the Ld. AO to bring to tax an amount of ₹68,27,500/- being the difference of stamp duty value [for short “SDV”] of 11 units found higher than the sale consideration recorded in transfer agreement u/s 43CA, consequently following the direction the assessment
