KORRA BALAJI NAIK,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM
In the result, appeal filed by the assessee is dismissed
ITA 231/VIZ/2017[2010-2011]Status: DisposedITAT Visakhapatnam31 Jul 2018AY 2010-2011
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Blekorra Balaji Naik, Vs. Ito, Ward-4(2), D.No. 37-12-54/2, Ngo’S Visakhapatnam. Colony, Muralinagar, Visakhapatnam. Pan No. Bpepk 8663 M (Appellant) (Respondent)
For Appellant: Shri C. Subrahmanyam – FCAFor Respondent: Shri Deba Kumar Sonawal, CIT DR
Section 148Section 263
168/-. It is noticed from the computation of total income enclosed to the return that the assessee admitted long term capital loss of Rs. 21,565/- by claiming cost of acquisition and cost of improvement amounting to Rs. 22,55,065/- (Rs. 5,21,565 + Rs.17,33,500/-). The said property was purchased by the assessee on 28/11/2007 vide document
