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Section 153D4 Section 153A3 Section 153B3 Section 143(3)2 Section 1322

M/S OM KIRTI CONSTRUCTION PVT. LTD.,,RAJKOT-GUJARAT vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CEN. CIRCLE-1,, RAJKOT-GUJARAT

In the result the appeal of the assessee is partly allowed

ITA 96/RJT/2015[2011-12]Status: DisposedITAT Rajkot01 Jun 2020AY 2011-12

Bench: Shri Waseem Ahmed & Shri Madhumita Roy)

For Appellant: Shri P.C. Yadav, AdvocateFor Respondent: Shri M.N Maury, CIT/ D.R

Section 132Section 132ASection 143(3)Section 153Section 153ASection 153BSection 153D

capital gain as claimed and thereby computing the profit thereon at Rs. 86,56,527/-. 3. The learned Commissioner of Income Tax (Appeals) - 11, Ahmedabad erred in confirming disallowance of interest payment of Rs. 14,40,475 to 1C1CI bank made by the A.O. by treating it as personal expenditure. 4. The learned Commissioner of Income Tax (Appeals) - 11, Ahmedabad