SHRI SEJALBHAI G. PATEL,,SURAT vs. THE INCOME TAX OFFICER,, SURAT
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 971/AHD/2016[2012-13]Status: DisposedITAT Surat20 Jul 2022AY 2012-13
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.971/Ahd/2016 ("नधा"रणवष" / Assessment Years: (2012-13) (Physical Court Hearing) Sejalbhai G. Patel, Vs. The Ito, Ward-1, 225, Khodiyar Nagar Soceity, Gandhi Bardoli. Road, Bardoli, Surat. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Apdpp9316C (Assessee) (Respondent) Assessee By: Shri Sapneth Sheth, Ca Revenue By: Shri J. K. Chandnani, Sr. Dr सुनवाईक"तार"ख/ Date Of Hearing : 12/05/2022 घोषणाक"तार"ख/Date Of Pronouncement : 20/07/2022 आदेश / O R D E R Per Dr. A. L. Saini: The Captioned Appeal Filed By The Assessee, Pertaining To Assessment Year 2012-13, Is Directed Against The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-1, [In Short ‘Ld. Cit(A)’] Surat, In Appeal No. Cas-I/424/2014-15 Dated 18.02.2016, Which In Turn Arises Out Of An Order Passed By Assessing Officer U/S 143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As The ‘Act’).
For Appellant: Shri Sapneth Sheth, CAFor Respondent: Shri J. K. Chandnani, Sr. DR
Section 143(3)Section 50CSection 54BSection 54F
property at Rs.l,50,09,950/-, therefore assessing officer observed that provisions of section 50C of the Act were attracted, in the assessee`s case under consideration. The assessee has never challenged this valuation before assessing officer, hence the amount of Rs.75,49,750/- (50% of Rs.1,50,09,950/-) was acceptable to the assessee. The assessee has not even
