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2 results for “transfer pricing”+ Section 50Cclear

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Key Topics

Section 50C7Section 69B7Section 56(2)(vii)3

DCIT CIRCLE-1, RANCHI vs. SHRI ANUP CHAWLA, RANCHI

In the result, the appeal of the revenue is dismissed

ITA 8/RAN/2017[2012-13]Status: DisposedITAT Ranchi22 Feb 2019AY 2012-13

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

For Appellant: None appearedFor Respondent: Shri Chandan Das, JCIT/ld.DR
Section 143(3)Section 48Section 50CSection 56(2)(vii)Section 69B

price of the property at Rs. 45,00,000/- and stamp duty of Rs. 9,70,500/- and registration and other charges at Rs. 7,39,500/-. The value taken by the ld. Assessing Officer was the value charged by the Government for Stamp Duty purposes. The appellant submitted before AO that the provisions of section 50C

SRI NALIN RANJAN,JAMSHEDPUR vs. ITO WD-1(3), JSR

In the result, appeal of the assessee is dismissed

ITA 331/RAN/2017[14-15]Status: DisposedITAT Ranchi29 Aug 2019

Bench: S/Shri Chandra Mohan Garg & Laxmi Prasad Sahuassessment Year: 2014-15

For Appellant: Shri Devesh Poddar, AdvFor Respondent: Shri P.K.Mondal, Addl. CIT(DR)
Section 50C

transfer of land & building belonging to the assessee. P a g e 1 | 7 Ass essment Year : 2014 -15 3. For that the CIT(A) erred in upholding the cost of construction at Rs.750/- per sq.ft determined arbitrarily by the AO and also by upholding the method of computing capital gain as employed by the AO notwithstanding that the question