DY COMMISSIONER OF INCOME-TAX, SANGLI CIRCLE,, SANGLI vs. ANAND DEVELOPERS, SANGLI

In the result, the appeal filed by the assessee in ITA

section 53A of the Transfer of Property Act, 1882 r.w.s. 2(47) of the Income Tax Act, 1961. 4. Subsequently, the Assessing Officer had also received a letter dated 23.12.2016 from the Assistant Commissioner of Income Tax, Central (Circle), Kolhapur (‘the ACIT, CC, Kolhapur’) passing on C.O. No.15/PUN/2023 information of receipt of on-money consideration of Rs.8

ANAND DEVELOPERS,SANGLI vs. INCOME-TAX OFFICER, WARD 2(1), SANGLI

In the result, the appeal filed by the assessee in ITA

section 53A of the Transfer of Property Act, 1882 r.w.s. 2(47) of the Income Tax Act, 1961. 4. Subsequently, the Assessing Officer had also received a letter dated 23.12.2016 from the Assistant Commissioner of Income Tax, Central (Circle), Kolhapur (‘the ACIT, CC, Kolhapur’) passing on C.O. No.15/PUN/2023 information of receipt of on-money consideration of Rs.8

BHANUDAS VITTHAL MHASURKAR,PUNE vs. THE INCOME TAX OFFICER, WARD-2(5), PUNE, PUNE

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17

section 54B of the Act, only agricultural land purchased after the date of transfer is allowed as deduction. He, therefore, asked the assessee to explain as to why the exemption claimed u/s 54B of the Act should not be disallowed and added to the total income of the assessee. 4. In response to the query raised by the Assessing Officer