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
50C as determined for the purpose of stamp duty valuation as full value of consideration for the purpose of section 48 instead of the fair market value determined as per the provisions of the Urban Land Ceiling and Regulation Act, 1976 or the amount determined as per the capitalization method by the DVO in contiguous properties similarly placed