Sale of property and earning of Long Term Capital Gains

Last updated: 14 August 2021
Quick Summary
This appeal concerned the sale of immovable property and the resulting Long Term Capital Gains for the assessment year 2011-12. The assessee had not initially filed a return of income, but information regarding the property sale for ₹48,00,000 was received by the Assessing Officer. Although the assessee did not appear before the Assessing Officer, they intended to provide details about the capital gains to the CIT(A). The Tribunal allowed the appeal for statistical purposes.

Court :
ITAT Chennai

Brief :
This appeal filed by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals) 5, Chennai, dated 30.08.2019 relevant to the assessment year 2011-12.

Citation :
I.T.A. No.3183/Chny/2019

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Poojitha Raam Vinay
Published in Income Tax
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