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

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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

IN THE INCOME TAX APPELLATE TRIBUNAL
“B” BENCH : BANGALORE

BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND
SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER

ITA No.933/Bang/2019
Assessment Year : 2011-12

Smt. Hirehal Raghavendra Soudamini,
No.66, ‘Shreema’ 1st Main, 5th Cross,
RMV 2nd Stage, 1st Block Aswath nagar,
Bangalore – 560 025.
PAN : APKPS 4537 B

Vs. 

The Income Tax Officer,
Ward –6[3][2],
Bangalore.

Assessee by : Shri. V. Srinivasan, Advocate
Revenue by : Shri. Priyadarshi Mishra, JCIT(DR)(ITAT), Bangalore

Date of hearing : 15.12.2020
Date of Pronouncement : 17.12.2020

O R D E R

Per N. V. Vasudevan, Vice President 

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.

2. The only issue that arises for consideration in this appeal is with regard to computation of full value received on sale of property by the assessee for the purpose of computing the Long Term Capital Gain (LTCG). The undisputed facts are that the assessee sold 4 acres of land situated in S.No.4 /P16, Kurubarahalli Village, Kasaba Taluk, Mysore District, on 07.09.2010 for a consideration of Rs.80 lakhs. Admittedly, the value of the property sold for the purpose of stamp duty and registration was adopted at Rs.160 lakhs.

To know more in details find the attachmen tfile
 

 

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on 23 December 2020
Published in Income Tax
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