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Section 271(1)(c)6 Section 14A3 Section 50C3 Section 143(3)2 Section 143(2)2 Section 1482 Deduction2 Addition to Income2

VIJAYRATNA VEERA KUMAR,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-2(2), VISAKHAPATNAM

In the result, appeal of the assessee is allowed for statistical

ITA 102/VIZ/2023[2007-08]Status: DisposedITAT Visakhapatnam22 Nov 2023AY 2007-08

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri Y. Surya Chandra Rao, ARFor Respondent: Sri Shri Madhukar Aves

Section 142(1)Section 143(2)Section 148Section 271(1)(c)Section 274Section 50C

VIA 3 deductions admitting a total income of Rs. 1,95,510/-. The Ld. AO observed from the return of income that the assessee computed the capital gains without applying the provisions of section 50C of the Act and thereafter issued a notice U/s. 143(2) of the Act. The assessee submitted his response for adopting the actual sale consideration

VIJAYRATNA VEERA KUMAR,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-2(2), VISAKHAPATNAM

VIJAYRATNA VEERA KUMAR,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-2(2), VISAKHAPATNAM

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, , ELURU vs. THE ANDHRA SUGARS LIMITED, TANUKU