2025 (3) TMI 833

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.... APPEAL NO. 968 OF 2023 (T-IT) - -<br>Income Tax<br>THE HON&#39;BLE MR JUSTICE KRISHNA S DIXIT AND THE HON&#39;BLE MR JUSTICE G BASAVARAJA For the Appellant : Sri. Ravi Raj Y.V., Advocate For the Respondent : Sri. Sandeep Huilgol, ADV. ORAL JUDGMENT (PER: HON&#39;BLE MR JUSTICE KRISHNA S DIXIT) This intra-court appeal seeks to call in question the learned Single Judge&#39;s Order da....

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....ontra, submits that merely because the concerned conveyance mentions Rs. 55.00 lakh, that itself cannot be taken as the income escaping assessment inasmuch as the cost of acquisition to be deducted from it and if that is done, it would fall below the ceiling limit of Rs. 50.00 lakh. This aspect of the matter, learned Counsel for the assessee submits, was considered by a Division Bench of Madhya Pr....