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2 results for “penalty u/s 271”+ Section 58clear

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Key Topics

Section 1472Section 50C2Short Term Capital Gains2Business Income2Cash Deposit2Addition to Income2Natural Justice2

SHRI AJAY KUMARS/O SHRI KISAN BHAGWAT,HAZARIBAGH vs. ITO WARD-2(5), HAZARIBAGH

In the result, the appeal of the assessee in ITA NO

ITA 243/RAN/2016[2009-10]Status: DisposedITAT Ranchi08 Jul 2020AY 2009-10

Bench: Shri S.S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.243/Ran/2016 आयकरअपीलसं./Ita No.207/Ran/2017 ("नधा"रणवष" / Assessment Year:2009-10)

For Appellant: Shri M. K. Choudhry, AdvocateFor Respondent: Shri Inderjeet Singh, CIT (DR)
Section 147Section 50C

58,000/-. We note that during the course of assessment proceedings, the assessee submitted before the Assessing Officer as well as before the ld. CIT(A) that section 50C of the Act is not applicable to him because of the reason that purpose to purchase the land was to convert into small pieces of plots and sale the same

SRI AJAY KUMAR ,HAZARIBAGH vs. ITO WARD-1(1), HAZARIBAGH

In the result, the appeal of the assessee in ITA NO

ITA 207/RAN/2017[09-10]Status: DisposedITAT Ranchi08 Jul 2020

Bench: Shri S.S. Godara, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.243/Ran/2016 आयकरअपीलसं./Ita No.207/Ran/2017 ("नधा"रणवष" / Assessment Year:2009-10)

For Appellant: Shri M. K. Choudhry, AdvocateFor Respondent: Shri Inderjeet Singh, CIT (DR)
Section 147Section 50C

58,000/-. We note that during the course of assessment proceedings, the assessee submitted before the Assessing Officer as well as before the ld. CIT(A) that section 50C of the Act is not applicable to him because of the reason that purpose to purchase the land was to convert into small pieces of plots and sale the same