L. Vivekananda, Mysore Vs The Assistant Commissioner of Income Tax Circle-1(1), Mysore

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Last updated: 26 November 2020
Quick Summary
This Income Tax Appellate Tribunal case involves L. Vivekananda appealing against an order by the Assistant Commissioner of Income Tax. The core issue revolves around the correct financial year for calculating capital gains tax on an asset, with the appellant arguing it should be based on the 1986-87 financial year when an allotment letter was issued and full payment made. The appeal also disputes the denial of inflated costs for improvements made to the property and the credit for Tax Collected at Source (TCS).

Court :
ITAT Bangalore

Brief :
This appeal by the assessee is directed against order of the CIT(A) dated 31.10.2017. The assessee has raised following grounds of appeal:

Citation :
ITA No.1087/Bang/2018

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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