2018 (8) TMI 1738

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....: Shri Sunku Srinivasulu ORDER PER S. RIFAUR RAHMAN, A.M.: This Miscellaneous Application is filed by the assessee seeking rectification of mistakes apparent from the record that have crept into the order of the Tribunal dated 28/02/2017 in ITA No. 229//Hyd/2017. 2. In the M.A. the assessee stated as under: 5. It has been stated by the Hon'ble I.T.A.T., in paragraph 8.3, at page-5 of the....

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....law are not allowed. Further, it is most respectfully submitted that the assessee, in the computation of taxable income enclosed to the Return of Income has clearly stated that the sale proceeds admitted from the sale of property situated at S.No.134, at Saipur, Tandur, R.R.District, in an area admeasuring 855.5 sq. yards, as per the Agreement of sale enclosed, were Rs. 8,55,500/-. Further, the as....

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....000/- was also received by the assessee, the assessee has admitted the actual sale consideration of Rs. 8,55,500/in the return of income filed. Thus, by executing the Sale Deed on 02-12-2006, the assessee has only .completed the contractual obligation imposed upon him by virtue of the Sale agreement. Therefore, it is most humbly submitted that the observation of the Hon'ble I.T.A.T. that the a....