Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
This is an appeal filed by the revenue. It is directed against the order passed by the CIT (A) dated 3rd February, 2011 for Assessment Year 2006-07. The grounds of appeal read as under:-
On the facts and circumstances of the case, learned CIT (A) has erred in holding that base year for calculating indexed cost of acquisition would be 1981-82.
On the facts and circumstances of the case, learned CIT (A) has erred in not appreciating that first year in which asset was held the assessee was the first year in which it was inherited by the assessee.
The appellant prays for leave to add, amend, modify or alter any grounds of appeal at the time or before the hearing of appeal.”
Citation :
Deputy Director of Income Tax,Circle 2(2),New Delhi.(Appellant)Vs.Ms Banita Sawhney,C/o Suresh Sethi & Co., CA’s,42, GF, World Trade Centre,New Delhi – 110 001.PAN : BHXPS6829N(Respondent)
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