M/S SHRI VENU PIPE INDUSTRIES,,JUNAGADH vs. THE INCOME TAX OFFICER, WARD-1(2),, JUNAGADH
In the result, the appeal of the assessee is allowed
ITA 330/RJT/2014[2009-10]Status: DisposedITAT Rajkot25 Apr 2019AY 2009-10
Bench: Shri Waseem Ahmed & Shri Ms. Madhumita Royआयकर अपील सं./Ita No. 330/Rjt/2014 "नधा"रण वष"/Asstt. Year: 2009-2010 M/S Shri Venu Pipe Income Tax Officer, Industries, Dolatpara, Vs. Ward-1(2), Rajkot Road, Junagadh. Junagadh.
Property purchased on 08.08.1970
Market value as on 01.04.1981
Determined on the basis of sale consideration of a part of the same factory land sold by the assessee firm on 07.12.1982 (at Rs.1.78 per Sq.Mtr.) (24598.67
Sq. Mtr. X Rs.1.78)
=Rs.43,786/-
Rs.43,786 x 582 divide by 109
Rs.2,33,793/-
Add:
Land Cess
Rs.49.198
House tax claimed
Rs.30
