RAJESHKUMAR K. NANDANI,,RAJKOT vs. INCOME TAX OFFICER, WARD-1(2)(2),, RAJKOT
In the result, appeal of the assessee is partly allowed
ITA 23/RJT/2018[2007-08]Status: DisposedITAT Rajkot23 Sept 2019AY 2007-08
Bench: Shri Rajpal Yadav & Shri Amarjit Singhआयकरअपीलसं.Ita No. 23/Rjt/2018 "नधा"रणवष"/Asstt. Year: 2007-08 Shri Rajesh Vs. Ito Kuverjibhai Nandani Ward-1(2)(2), C/O. M/S. Tha Tulshidas Rajkot Narshidas, Para Bazar, Rajkot
For Appellant: Shri D. V. Lalchandani, ARFor Respondent: Shri Anil Kumar Das, Sr
Section 143(3)Section 147Section 148Section 50CSection 50C(3)Section 55A
55A of the Act. The Valuation Officer has estimated the fair market value of the property at Rs. 9,71,800/- on 10.07.2016. Thereafter, the AO has determined the long-term capital gain at Rs. 20,09,950/- after taking into consideration the fair market value of the sold property determined by the Department Valuation Officer