In the result, the appeal of the assessee is allowed
Bench: Shri Rama Kanta Panda & Ms. Astha Chandra
house property situated at Solapur was sold on 30.08.2016 for Rs.50,00,000/-. The cost of acquisition was stated to be Rs.53,00,000/-. The property was acquired on 16.02.2016. There was short term capital loss of Rs.3,00,000/-. Name of the purchaser, his PAN and his complete address was given. The three cheques drawn on Saraswat Bank bearing