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TMI Blog2021 (6) TMI 1157X X X X Extracts X X X X X X X X Extracts X X X X ..... n on entire three plots wrongly but in actual fact, the assessee sold his 30% share in three commercial plots admeasuring 3,310 sq. mtrs only as against 4.200 sq.mtrs. - as per CIT AO did not apply his mind at all on this working, without there being any discussion, he passed an assessment order - HELD THAT:- On perusal of the assessment order dated 17.06.2016 passed by the Assessing Officer, whi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - SHRI INTURI RAMA RAO, AM AND SHRI S. S. VISWANETHRA RAVI, JM For the Assessee : None. For the Revenue : Shri Deepak Garg. ORDER PER S. S. VISWANETHRA RAVI, JM: This appeal by the assessee is against the order dated 01.11.2018 passed by the learned Principal Commissioner of Income-Tax 1, Nashik for the assessment year 2014-15. 2. We find no representation on b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re, according to him, the cost of such acquisition including the stamp duty is Rs. 1.40 crores. Further, he observed that the assessee sold his 30% share admeasuring 3,310 sq.mtrs only for a consideration of Rs. 2.06 crores but claimed purchase cost of Rs. 1.40 crores of three plots and claimed capital loss of Rs. 32,09,309/-. According to the learned Principal Commissioner of Income-Tax, such los ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Assessing Officer u/s 143(3) of the Act. 7. On perusal of the assessment order dated 17.06.2016 passed by the Assessing Officer, which is on record, determined the same amount as returned by the assessee wherein we note that no discussion or whatsoever made with regard to the purchase of plot, selling of the said plot and cost of acquisition etc., Taking into consideration the facts and cir ..... X X X X Extracts X X X X X X X X Extracts X X X X
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