VARAHALAMMA PYDI (LATE),VISAKHAPATNAM vs. INCOME-TAX OFFICER, WARD-4(2), VISAKHAPATNAM
In the result, appeal filed by the assessee is allowed
ITA 348/VIZ/2024[2012-13]Status: DisposedITAT Visakhapatnam03 Jan 2025AY 2012-13
Bench: Shri K Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. 348/Viz/2024 (िनधा"रण वष" / Assessment Year: 2013-14) Varahalamma Pydi Late, Vs. Income Tax Officer, Visakhapatnam. Ward-4(2), Pan: Bjhpp9886J Visakhapatnam. (अपीलाथ"/ Appellant) (""थ"/ Respondent) अपीलाथ" की ओर से/ Assessee By : Sri I. Kama Sastry, Ar ""ाथ" की ओर से / Revenue By : Dr. Satyasai Rath, Cit-Dr
For Appellant: Sri I. Kama Sastry, ARFor Respondent: Dr. Satyasai Rath, CIT-DR
Section 142(1)Section 144Section 148Section 271(1)(c)Section 48Section 50CSection 54F
section 50C of the Act. Accordingly, the Ld. AO computed the Long Term Capital Gains at Rs. 6,74,80,333/-.
Further, the Ld. AO also observed that the assessee also claimed
Rs. 39,39,656/- as deduction U/s. 54F of the Act. However, in the absence of any details for the investment as specified U/s.
54F