Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
That on the facts and in the circumstances of the case, the Assessing Officer had erred in invoking provision of section 50C of the I.T. Act thereby computing the long term capital gain at Rs. 74,15,381/-. The Ld. Commissioner of Income Tax (A) is also not justified in confirming the addition made by the Assessing Officer.
Citation :
Dr. S.P. Mittal (HUF), Meerut C/o O.P. Sapra & Associates, C0763, New Friends Colony, New Delhi – 110 025 (PAN: AADHSD-8901-B) (Appellant) Vs. Income Tax Officer, Ward 2(3), Meerut. (Respondent)
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