Smt. Meenakshi Sukumaran, Kottayam V. DCIT, Trivandrum

ITA 351/COCH/2009

• Counselvise Citation: [2011] 135 COUNSELVISE.COM (IT) 0842 (ITAT-COCHIN)
• Duration Of Justice: 1 year(s) 8 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-03-2011
• Appeal Filed By: Assessee
• Bench Allotted: DB
• Next Hearing Date: 07-03-2011
• Assessment Year: 2006-2007
• Appeal Filed On: 12-06-2009
• Court: TRIBUNAL
• Department Lawyers: T J VINCENT
• Assessee Lawyers: R SREEKANTAN NAIR
• Keywords: Capital Gains

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH, COCHIN BEFORE SHRI N.VIJAYAKUMARAN & SHRI SANJAY ARORA I.T.A.NO.351/COCH/2009 ASSESSMENT YEAR:2006-07 SMT. MEENASKSHI SUKUMARAN, KOTTAYAM. PA NO.AABGPV 4108D VS. THE DY. COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, TRIVANDRUM. (APPELLANT) ( RESPONDENT ) APPELLANT BY SHRI R. SREEKANTAN NAIR RESPONDENT BY SHRI T.J. VINCENT, JR.DR O R D E R PER N.VIJAYAKUMARAN,J.M: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST TH E ORDER OF THE LD. CIT(APPEALS)-III, TRIVANDRUM, DATE D 15-04- 2009. THE ASSESSMENT YEAR INVOLVED IS 2006-07. 2. THE FIRST GROUND OF APPEAL IS IN RESPECT OF CO MPUTATION OF CAPITAL GAINS. THE FACTS RELEVANT ARE THAT THE ASSESSEE HAD SOLD PROPERTY MEASURING 11.041 CENTS OF LAND IN S.NOS.306 & 307 AT VAZHUTHACAUD, TRIVANDRUM, TO M/S . ARTECH GROUP, FOR A SUM OF ERROR: UNDEFINED OFFENDING COMMAND: RUPEE STACK: / INDIAN