ADABALA MANMOHAN,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, INTERNATIONAL TAXATION, VISAKHAPATNAM
In the result, appeal of the assessee is allowed
ITA 135/VIZ/2021[2011-12]Status: DisposedITAT Visakhapatnam14 Jul 2022AY 2011-12
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अऩीऱ सं./ I.T.A. No.135/Viz/2021 (ननधधारण वषा / Assessment Year :2011-12) Mr. Adabala Manmohan, Vs. Income Tax Officer, Visakhapatnam. Ward-International Taxation, Pan: Vpnao 1959 G Visakhapatnam. (अऩीऱधथी/ Appellant) (प्रत्यथी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Sri C. Subrahmanyam, Ca प्रत्यधथी की ओर से / Respondent By : Sri Spg Mudaliar, Sr. Ar
For Appellant: Sri C. Subrahmanyam, CAFor Respondent: Sri SPG Mudaliar, Sr. AR
Section 2Section 201Section 201(1)Section 201(2)Section 234B
capital gains and the assessment order was passed U/s. 143(3) r.w.s 147 of the Act on 26/12/2019. Hence no need to initiate any proceedings U/s. 201(1A) of the Act. Per contra, the Ld.
DR relied on the decision of the Ahmedabad Bench of the Tribunal in the case of ITO vs. Shri Rang Infrastructure (P.) Ltd reported