KONDA VENKATESWARA REDDY,,VIJAYAWADA vs. THE INCOME TAX OFFICER, WARD - 3(3),, VIJAYAWADA
In the result, the appeal filed by the assessee is allowed
ITA 146/VIZ/2020[2016-17]Status: DisposedITAT Visakhapatnam29 Apr 2022AY 2016-17
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.146/Viz/2020 (ननधधारण वर्ा / Assessment Year : 2016-17) Konda Venkateswara Reddy Vs. Income Tax Officer D.No.44-15-97 Ward-3(3) Lenin Nagar, Gunadala Vijayawada Vijayawada [Pan : Akmpv9138J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri Karthik Manickam, Dr सुनवधई की तधरीख / Date Of Hearing : 11.04.2022 घोर्णध की तधरीख/Date Of Pronouncement : 29.04.2022 आदेश /O R D E R Per Shri Duvvuru Rl Reddy: Condonation Of Delay : This Appeal Is Filed By The Assessee Against The Order Of The Commissioner Of Income Tax (Appeals), Vijayawada Dated 10.02.2020 With The Delay Of 34 Days For The Assessment Year (A.Y.) 2016-17. The Assessee Filed Petition For Condonation Of Delay, Stating That The Delay Was Due To Covid-19 Pandemic & Lockdown Declared By The State Government. There Was No Malafide Intention In Filing The Appeal
For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri Karthik Manickam, DR
Section 139(1)Section 143(3)Section 148
26,00,000/- adopted by the assessing officer as per
S.50C of the Act.
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I.T.A. No.146/Viz/2020, A.Y.2016-17
Konda Venkateswara Reddy, Vijayawada
b)
The learned Commissioner of Income Tax (Appeals) ought to have directed the assessing officer to adopt the fair market value as on 15.06.2011 being the date of agreement of sale.
6. Any other grounds may be urged
