VIVEK INDUSTRIES,VIJAYAWADA vs. ITO, WARD-2(3), VIJAYAWADA
ITA 133/VIZ/2025[2018-19]Status: DisposedITAT Visakhapatnam05 Dec 2025AY 2018-19
Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.133/Viz/2025 (िनधा"रण वष"/Assessment Year:2018-19) Vivek Industries, Vs. Income Tax Officer, 8-1, Kamayyathopu Kanuru, Ward-2(3), Vijayawada. Vijayawada. Pan: Aanfm5215A (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri Gvn Hari, Advocate राज" व "ारा/Revenue By: Shri Badicala Yadagiri, Cit-Dr सुनवाई की तारीख/Date Of 20/11/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm:
For Appellant: Shri GVN Hari, AdvocateFor Respondent: Shri Badicala Yadagiri, CIT-DR
Section 142(1)Section 143(3)Section 150Section 54DSection 54F
section 54D of the Act was both misconceived and misplaced.
8. Thereafter, the AO observed that the assessee firm in its return of income had while computing the long term capital gains of Rs. 5.88
crores (approx.) on the sale of the subject property had raised claim for deductions, viz., cost of acquisition (indexed), cost of improvement
(indexed), and expenses
