2019 (2) TMI 224

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....as raised several grounds in his appeal however the crux of the issue is that the Ld.CIT(A) has erred in confirming the order of the Ld.AO who had included the stamp value of the common pathway for making addition U/s.56(2)(vii)(b) of the Act. 3. The brief facts of the case are that the assessee is an individual deriving rental income and capital gains, filed his return of income for the assessment year 2014-15 belatedly on 13.05.2015, admitting total income of Rs. 85,55,810/-. Initially the return was processed U/s.143(1) of the Act and subsequently the case was selected for scrutiny under CASS and notice U/s.143(2) & 142(1) of the Act was issued on 19.09.2016 & 20.10.2016 respectively. Finally assessment order was passed U/s.143(3) of ....

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....ereas the total area considered by the Registrar for the purpose of stamp duty is 1212 sq.ft. and the pathway road measuring 302 sq.ft. is also valued for the stamp purpose. 6. In this regard, it is pertinent to mention here that as per the schedule of the property appearing in the registered documents the description of the property is "All that piece and parcel of the property being vacant land bearing Plot No.81, Velacherry Ganapthy Nagar Scheme, Velacherry Bye Pass Road, Chennai - 600 042 situated at Velecherry Village, Mambalam-Guindy Taluk, Comprised in R.S. No.123/1, measuring an extent of 901 sq.ft. along with right to use in Pathway leading from road measuring 302 sq.ft. totally 1212 sq.ft. being bounded on ....." ....