ORDER

PER: RATHOD KAMLESH JAYANTBHAI, AM This appeal filed by the assessee is directed against the order of learned National Faceless Appeal Centre, Delhi[ for short CIT(A) ]dated 16.01.2025 for the assessment year 2010-11 raising therein following grounds of appeal.

‘’I am holder of power of attorney for the property (Property details: Plot No.48, Narayanpuri-B, Jhotwara, Jaipur Rajasthan 302 012) which has been sold. During the assessment year 2010-11, he sold an immovable property worth Rs.13,00,000/-. During the year, the assessee had sold his house property. The assessee had incurred no capital gain from sale of the house property. The computation of the capital gain of the house is as follows:

(a) Full value of consideration (date of sale 06-10-2009: - Rs.13,00,000/-

(b) Cost of acquisition (date of purchase 12-01-2006):- with indexed cost ofRs.13,36,483/- (actual purchase cost 1051000*632/497

(c) Long term Capital Loss: 36,483/- (a – b).

From the above calculation we can understand that the taxpayer has incurred long term capital loss during the assessment year 2010-11. The loss does not give rise to any tax liability. So from the above,we can see that the taxpayer has no long te