2019 (3) TMI 1033

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oresaid appeal by assessee for Assessment Year [in short referred to as 'AY'] 2010-11 contest the order of Ld. Commissioner of Income-Tax (Appeals)-20, Mumbai, [in short referred to as 'CIT(A)'], Appeal No. CIT(A)-20/IT-85/2013-14 dated 16/08/2013 qua confirmation of penalty u/s 271(1)(c) for Rs. 5.30 Lacs. None has appeared for assessee. The hearing notices sent at address given in Form 36 has re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... cost. Further, each premises were considered as separate block of assets, while working out the gains. However, the WDV, in terms of Section 50, as per Income Tax Act was to be considered as cost and further the computations were to be made considering the various office premises as single block of asset. The aforesaid differences led to enhancement of gains from Rs. 72.43 Lacs to Rs. 89.43 Lacs....