9911796707
TMI Blog2021 (10) TMI 551X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee is directed against the order dated 27.08.2018 passed by the Commissioner of Income Tax (Appeals), Jamnagar arising out of the order dated 18.02.2016 passed by the ITO, Ward - 1(1), Jamnagar under Section 144 r.w.s. 147 of the Income Tax Act, 1961 (hereinafter referred as to "the Act") for the Assessment Year (A.Y.) 2008-09. 2. Denial of benefit of exemption/deduction to the tune of Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the property at Rs. 11,65,000/- for the purpose of computing the capital gain on the basis of the report of the District Valuation Officer (DVO). 3. The Ld. CIT(A) passed the following orders in appeal. The relevant portion whereof is as follows:- "13.2 Again the appellant's AR during the course of appellate proceeding vide his letter dated 23/08/2017 has requested to make reference to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6/2018 along with copy of valuation report of the departmental valuation officer were provided to the appellant and she was requested to file her reply. In response the AR of the appellant i.e. Shri Bhavin Shah, CA attended the appellate proceedings and stated that he is in agreement with the remand report with the AO, The AR has not raised any objection in respect of valuation of Rs. 11,65,000/- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tal gain." 4. However, the benefit of basic exemption of Rs. 1,45,000/- has not been extended to the assessee. The Ld. CIT(A) while rejecting the claim of the assessee observed that the assessee was mandatorily required to file the return of income for the year under consideration which he has failed to do. In that view of the matter the claim of deduction has been rejected. 5. On the other hand ..... X X X X Extracts X X X X X X X X Extracts X X X X
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