Smt. Hirehal Raghavendra Soudamani, Bangalore vs The Income Tax Officer, Ward - 6(3)(2), Bangalore

Last updated: 23 December 2020
Quick Summary
This appeal concerns the calculation of Long Term Capital Gains tax for the assessment year 2011-12. The assessee sold 4 acres of land in Mysore District for Rs. 80 lakhs on 7th September 2010. However, the value adopted for stamp duty and registration purposes was Rs. 160 lakhs. The core issue is determining the 'full value received' for the sale of this property to correctly compute the capital gains.

Court :
ITAT Bangalore

Brief :
This is an appeal by the assessee against the order dated 22.03.2019 of CIT(A)-6, Bangalore, relating to Assessment Year 2011-12.

Citation :
ITA No.933/Bang/2019

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