TaxTMI 
TaxTMI 
2021 (10) TMI 901
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....ppeal filed at the instance of the Assessee for Assessment Year 2010-11 is directed against the order of Ld. Commissioner of Income Tax(Appeals) (in short 'Ld. CIT],-2 Bhopal dated 26.02.2019 which is arising out of the order u/s 143(3) of the Income Tax Act 1961(In short the 'Act') dated 07.02.2013 framed by ITO-3(2), Bhopal. The Assessee has raised following grounds of appeal in ITANo.519/Ind/2....
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....ituated at Major Shopping Central Scheme No.13, M.P. Nagar Zone-II Bhopal. Assessee claimed it to be residential property but Ld. AO considered it to be of commercial nature which cannot be used for residential purposes. The exemption u/s 54F was denied and sum of Rs. 18,98,561/- added to the income along with other minor additions. Income assessed at Rs. 28,73,871/-. 3. Aggrieved assessee prefer....
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....inst the finding of Ld. CIT(A) confirming the addition of Rs. 18,98,561/- claimed by the assessee for deduction u/s 54F of the Act which was denied by the Ld. AO. We notice that the property in question is situated at first floor of building No.208 situated at Major Shopping Central Scheme No.13, M.P. Nagar Zone-II Bhopal. 8. As per the permission granted by the Municipal Corporation, Bhopal, the....
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....proceedings itself. Municipal authorities have charged the property tax treating it as a residential property. Further from perusal of the purchase deed placed at pages 11 to 19 we find that the complete details of the property purchased by the assessee is mentioned which is measuring 864 sq.ft. and consists of residential rooms all located at first floor. Copies of electricity bills relating to t....