SMT BUDHAREEN BAI,BHATAPARA vs. INCOME TAX OFFICER,, BHATAPARA
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 157/RPR/2018[2014-15]Status: DisposedITAT Raipur14 May 2019AY 2014-15
Bench: Shri Partha Sarathi Chaudhury & Dr. Mitha Lal Meenaassessment Year : 2014-15 Smt. Budhia Reen Bai, Ito, Near Shitala Mandir, Bhatapara (Cg). Hathanipara Ward, Vs. Bhatapara (Cg) – 493118. Pan : Bxxpb0771Q (Appellant) (Respondent) Assessee By : Shri Vikash Sharma, Adv. Department By : Shri Sanjay Kumar, Addl. Cit Date Of Hearing : 13-05-2019 Date Of Pronouncement : 14-05-2019 O R D E R Per Dr. Mitha Lal Meena, Am :
For Appellant: Shri Vikash Sharma, AdvFor Respondent: Shri Sanjay Kumar, Addl. CIT
Section 143(3)Section 223(2)Section 44ASection 55Section 69A
u/s 50C
:
Rs.48,00,000/-
Less indexed cost of acquisition
:
(83x939/100)
:
Rs. 7,803/-
5
LTCG
:
Rs.47,92,197/-
In view of the discussion made above Rs. 47,92,197/- is added to the income of the assessee being income from Long Term Capital Gain. Penalty proceedings under section 271
