YADLA SRINIVASA RAO,VIJAYAWADA vs. THE INCOME TAX OFFICER, WARD-3(2), , VIJAYAWADA
In the result, appeal of the assessee is dismissed
ITA 78/VIZ/2021[2011-12]Status: DisposedITAT Visakhapatnam17 Mar 2023AY 2011-12
Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./I.T.A.No.78/Viz/2021 (ननधधारण वर्ा / Assessment Year : 2011-12) Yadla Srinivasa Rao Vs. Income Tax Officer D.No.20-04-190/7A Ward-3(2) Basavataraka Nagar Vijayawada Ayodhya Nagar Vijayawada [Pan : Abfpy5447F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
For Appellant: Shri M.Madhusudan, ARFor Respondent: Shri O.N.Hari Prasada Rao, DR
Section 139Section 148Section 2(47)(v)Section 50C
ab-inito, therefore, pleaded that the same may be annulled.
7. Per contra, the Ld.DR relied on the order of the Ld.CIT(A) and submitted that the AO has rightly charged capital gains to tax in the hands of the assessee since the vacant possession of the property was delivered to the assessee. The Ld.DR further submitted that
