2020 (2) TMI 1524

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....e Respondent : Shri. Manjeet Singh, Addl. CIT ORDER PER BEENA PILLAI, JUDICIAL MEMBER Present appeal has been filed by assessee against order dated 20/09/2018 passed by Ld. CIT(A)-9, Bangalore for assessment year 2006-07 on following grounds of appeal: Brief facts of the case are as under: 2. Assessee is an individual represented by legal representative. She did not file her return ....

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....y which, notice under section 143 (2) of the Act was issued. As there was no response, Ld.AO passed order under section 144 of the Act, by computing long term capital gains in the hands of assessee at Rs. 2,38,93,444/-. Ld.AO also denied benefit under section 54F of the Act claimed by assessee by holding that assessee had more than one residential house as on the date of transfer. 3. Aggrieved ....

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....now. At the outset, Ld.AR submitted that Ground No.1 is general in nature and therefore do not require any adjudication. He submitted that, Ground No.2-3 are not pressed at the instructions of assessee. Accordingly, these grounds are dismissed as not pressed. Ld.AR argued on Ground No.6 being the claim denied under section 54F. He placed reliance upon: * decision of Hon'ble....

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....n 23/05/2005, assessee received 35% of total built up area, i.e, 35% of apartments constructed along with 35% of car parking and 35% of terrace and garden rights earmarked for private use as against common use in consideration for transferring 65% of undivided interest. Assessee claimed exemption under section 54F on the value of the 35% of constructed area which was denied by Ld. AO and confirmed....