Govindas Purushothamadass (HUF), CHENNAI V. ITO Non Corporate Ward 3(4), CHENNAI

MA 105/CHNY/2022

• Counselvise Citation: [2022] 103 COUNSELVISE.COM (IT) 9599 (ITAT-CHENNAI)
• Duration Of Justice: 1 month(s) 16 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 27-10-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 13-10-2022
• Assessment Year: 2011-2012
• Appeal Filed On: 11-09-2022
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Capital Gains

Judgement Text

आयकर अपीलीय अिधकरण, ’सी’ Ɋायपीठ, चेɄई IN THE INCOME-TAX APPELLATE TRIBUNAL ‘C’ BENCH, CHENNAI ŵी वी दुगाŊ राव Ɋाियक सद˟ एवं ŵी जी. मंजुनाथा, लेखा सद˟ के समƗ Before Shri V. Durga Rao, Judicial Member & Shri G. Manjunatha, Accountant Member M.P. No. 105/Chny/2022 आयकर अपील सं./ [In I.T.A. No.2684/Chny/2018] िनधाŊरण वषŊ/Assessment Year: 2011-12 Govindas Purushothamadass (HUF), No. 3/2, Nowroji Street, Chetpet, Chennai 600 031. [PAN:AABHG4303F] Vs. The Income Tax Officer, Non Corporate Ward 3(4), 121, Nungambakkam High Road, Chennai 600 034. (Petitioner by) (ŮȑथŎ/Respondent) अपीलाथŎ की ओर से / Petitioner by : Shri I. Dinesh, Advocate ŮȑथŎ की ओर से/Respondent by : Shri P. Sajit Kumar, JCIT सुनवाई की तारीख/ Date of hearing : 14.10.2022 घोषणा की तारीख /Date of Pronouncement : 28.10.2022 आदेश /O R D E R PER V. DURGA RAO, JUDICIAL MEMBER: By means of present Miscellaneous Petition, the assessee seeks to modify the mistake apparent in the order passed by the Tribunal in I.T.A. No. 2684/Chny/2018 dated 24.08.2022 relevant to the assessment year 2011-12. 2. By referring to the miscellaneous petition, the ld. Counsel for the petitioner has submitted that there is confusion in the order of the Tribunal at page 8, last sentence of para 5.4 and prayed for suitable modification M.P. No. 105/Chny/22 2 against which, the ld. DR has not raised any objection. In view of the above, the last sentence of para 5.4 at page 8 are modified as under: “5.4 ............................... In case, the capital gains for taxation admitted in the assessment year 2013-14 includes the three properties sold in the financial year 2010-11, then the Assessing Officer is directed to exclude the capital gains taxes paid in the assessment year 2013-14.” 3. Accordingly, the order of the Tribunal dated 24.08.2022 stands modified without any other changes in the original order. 4. In the result, the MP filed by the petitioner is allowed. Order pronounced on 28 th October, 2022 at Chennai. Sd/- Sd/- (G. MANJUNATHA) ACCOUNTANT MEMBER (V. DURGA RAO) JUDICIAL MEMBER Chennai, Dated, 28.10.2022 Vm/- आदेश की Ůितिलिप अŤेिषत/Copy to: 1. अपीलाथŎ/Appellant, 2.ŮȑथŎ/ Respondent, 3. आयकर आयुƅ (अपील)/CIT(A), 4. आयकर आयुƅ/CIT, 5. िवभागीय Ůितिनिध/DR & 6. गाडŊ फाईल/GF.