2021 (6) TMI 1058

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..... uing part therein - although the Revenue has sought to justify the impugned transfer of the assessees s right as an admission of the same being a capital asset, the fact remains that we are dealing with section 50C only wherein the twin categories of capital asset(s) is only land and building than such a right. As decided in SMT. D. ANITHA [ 2015 (4) TMI 723 - ITAT HYDERABAD] ,SRI TUMMALA VIDYA .....

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..... risen against the CIT(A)-6, Hyderabad s order dated 03/07/2017 passed in case No. 00018/2015-16/CIT(A)-6 involving proceedings U/s. 143(3) r.w.s 147 and U/s. 250(6) of the Income Tax Act, 1961 (the Act). Heard both parties. Case files perused. 2. The assessee s sole substantive grievance pleaded in the instant appeal challenges correctness of both the lower authorities action making Long Term .....

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..... ] 55 taxmann.com 538 (Hyd. Trib); (ii) Tummala Vidyapal Reddy vs. ITO (ITA No. 48/Hyd/2018); (iii) ITO vs. V. Tara Chand Jain [2015] 63 Taxmann.com 86 (Jaipur Trib.); (iv) Smt. Devidraben I. Barot Vs. ITO, Ahmedabad [2016] 70 Taxmann.com 235 (Ahmedabad. Trib) and (v) Mrs. Rekha Agarwal vs. ITO, Jaipur [2017] 79 Taxmann.com 290 (Jaipur- Trib.), wherein it was held that such a transfer of the vendor .....

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