IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH : BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K., JUDICIAL MEMBER Assessment Year : 2012-13 Shri Ramesh Kumar, C/o. Janatha The Assistant Construction Co., Commissioner of #4-6-577/31, Mahendra Income Tax, Arcade, Circle – 2[1], Karangalpady, Vs. Mangaluru.

Mangaluru – 575 003.

PAN: AJLPK8423B APPELLANT RESPONDENT Assessee by : Shri V. Srinivasan, Advocate Revenue by : Shri N. Balusamy, JCIT-DR Date of Hearing : 17-07-2025 Date of Pronouncement : 18-09-2025

ORDER

PER SOUNDARARAJAN K., JUDICIAL MEMBER This is an appeal filed by the assessee challenging the order of the Ld.CIT(A)-2, Panaji dated 29/10/2024 in respect of the A.Y. 2012-13 and raised the following grounds:

“1. The orders of the authorities below in so far as they are against the appellant are opposed to law, equity, weight of evidence, probabilities, facts and circumstances of the case.

2. The learned CIT[A] is not justified in upholding the assessment of capital gains for the year under appeal with regard to the transaction entered into with one Mr. Srinath Hebbar without appreciating that the appellant had not granted possession of the propert