ERRAMILLI GURUNADHA SASTRY,,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-3(2), , VISAKHAPATNAM
In the result, appeals of the assessee are allowed
ITA 424/VIZ/2018[2007-08]Status: DisposedITAT Visakhapatnam26 Sept 2019AY 2007-08
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.424 & 425/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2007-08 & 2008-09 Respectively) Erramilli Gurunadha Sastry Vs. Income Tax Officer D.No.50-97-3 Ward-3(2) Seethammadhara Visakhapatnam Visakhapatnam [Pan : Aacpe5039M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri Gvn Hari, Ar प्रत्यधथी की ओर से / Respondent By : Smt Suman Malik, Dr सुनवधई की तधरीख / Date Of Hearing : 28.08.2019 घोर्णध की तधरीख/Date Of Pronouncement : 30.09.2019 आदेश /O R D E R
For Appellant: Shri GVN Hari, ARFor Respondent: Smt Suman Malik, DR
Section 142(1)Section 144Section 148Section 50C
AC Sheet admeasuring 250 sft. at D.No.55-6-49/2, Survey No.29 Part of Maddilapalem Village, Visakhapatnam to Sri Maradana Gurumurthy,
Tatichetla Palem, Visakhapatnam for a consideration of Rs.4,00,000/- vide registered sale deed bearing No.937/2007 dated 06.02.2007. The market value of the property as per the stamp duty was fixed at Rs.9,34,800/-.
Therefore