DR. SANJAY KUMAR,RANCHI vs. PR. CIT, RANCHI

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

54 of the Act was not allowable as the said section is applicable only in the case of profit on sale of property used for residence and not for profit on sale of piece of land. Finally the Ld. PCIT revised the order by setting aside the assessment framed u/s 143(3) of the Act vide order dated 12.10.2017 with

SUDHIR KUMAR JHA,BOKARO STEEL CITY vs. ACIT OR DCIT, CIRCLE-3, BOKARO

In the result, the appeal of the assessee is dismissed

1) dated 03.04.2024 passed u/s. 250 of the Income Tax\nAct, 1961 (hereinafter referred to as “the Act”) for AY 2017-18.\n2.\nShri Khubchand T. Pandya, Sr. DR appeared on behalf of the revenue\nand Shri Anil Kumar Jha, Advocate appeared on behalf of the assessee.\n3. It was submitted by the Ld. AR that the assessee