INCOME TAX APPELLATE TRIBUNAL (CHANDIGARH BENCH)
SANJEEV KUMAR MITTAL 3-J BLOCK AREA SHRI GANGA NAGAR-335001 RAJASTHAN – Appellant
Versus
HARISH CHANDER MITTAL ACIT CIRCLE SRIGANGANAGAR CURRENT JURISDICTIONAL AO DCIT CC-II LUDHIANA PUNJAB – Respondent
IN THE INCOME TAX APPELLATE TRIBUNAL CHANDIGARH BENCH “B” CHANDIGARH BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER ITA No. 604/Chandi/2024 Assessment Year 2017-18
Sanjeev Kumar Mittal 3-J, Block Area, Shri Ganga Nagar, Rajasthan - 335 001
Vs.
Harish Chander Mittal, ACIT Circle Sri Ganganagar Current Jurisdictional AO DCIT CC-II, Ludhiana, Punjab
TAN/ PAN : ABBPM 9387 N
(Appellant)
(Respondent)
O R D E R
PER MAHAVIR SINGH – VICE PRESIDENT :
This appeal by assessee is arising out of order of learned Commissioner of Income Tax (Appeals)-5, Ludhiana (hereinafter referred as ‘the CIT(A)’, in Appeal No.10503/Bikaner/IT/CIT(A)-5/Ldh/2019-20 vide order dated 19.03.2024. The assessment was framed by the Assistant Commissioner of Income Tax, Circle Sri Ganganagar under sections 143(3) of the Income Tax Act, 1961 (hereinafter as ‘the Act’) vide order dated 27.12.2019 for Asst. Year
2017-18.
2. The only issue in this appeal of assessee is as regards to the order of CIT(A) confirming the action of the AO in adopting the deemed consideration under section 50C of the Act of the immovable property sold on 20.09.2016 at Rs.1,11,18,800/- and a
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