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Section 54B6 Section 1472 Section 2(14)2 Section 2(14)(iii)2

T.NAGI REDDY (HUF),,VISAKHAPATNAM vs. THE ACIT, CENTRAL CIRCLE - 2,, VISAKHAPATNAM

In the result, appeal filed by the assessee is dismissed

ITA 109/VIZ/2014[2008-09]Status: DisposedITAT Visakhapatnam12 Sept 2018AY 2008-09

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Blet. Nagireddy (Huf), Vs. Acit, Central Circle-2, D.No. 17-40-23, Visakhapatnam. Pedagantyada, Visakhapatnam. Pan No. Aaaht 4815 N (Appellant) (Respondent)

For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri Ch. Sajeev – Sr. DR

Section 143(3)Section 147Section 148Section 2(14)Section 2(14)(iii)Section 54B

reassessment proceedings under section 147 of the Act. Accordingly, assessment was completed under section 143(3) read with section 147 of the Act by determining total income of Rs. 46,12,130/-. During the course of assessment proceedings, the Assessing Officer has noted that the assessee had owned two piece of land along with his family members; one piece