ITO, WARD-3(2)(4), SURAT vs. LATE KHUSHMANBHAI CHNDUBHAI PATEL-HUF, L/H. JIGISHA PATEL, SURAT
In the result, the grounds of appeal raised by the revenue are dismissed
ITA 563/SRT/2019[2011-12]Status: DisposedITAT Surat23 Dec 2022AY 2011-12
Bench: Shri Pawan Singh & Dr. Arjun Lal Saini(Hearing In Physical Court) I.T.O. Late Khushmanbhai Chandubhai Patel Ward-3(2)(4), (Huf), Vs. Surat. L/H Jigisha Patel, Opp. Nityanandeshwar Mahadev Temple, Nanived, Katargam, Surat-395004. Pan : Aaihp 4025 L Appellant Respondednt
Section 143(3)Section 154FSection 2(14)Section 254(1)Section 263Section 54
63,53,600/-. The assessee claimed deduction under Section 54 of Rs. 54,71,945/- on account of construction of residential house and remaining amount was offered as long term capital gain of Rs. 7,94,120/- for taxation. During the assessment, the assessee was asked to substantiate the claim of deduction under Section 154F of the Act. The assessee