2025 (12) TMI 469

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Sr.DR. ORDER PER RAKESH MISHRA, ACCOUNTANT MEMBER: This appeal filed by the assessee is against the order of the ADDL/JCIT(A)-Gwalior [hereinafter referred to as Ld. 'Addl/JCIT(A)'] passed u/s 250 of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') for AY 2019-20 dated 20.02.2025, which has been passed against the intimation order u/s 143(1) of the Act, dated 07.07.202....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....en and to adduce paper/s and document/s at the time of hearing." 3. Brief facts of the case are that the assessee filed the return of income u/s 143(1) of the Act and in the intimation issued, an addition was made u/s 50C of the Act. Further, the assessee had claimed deduction u/s 54EC of the Act which was also not allowed. The Ld. Addl/JCIT(A) went through the intimation issued and has given h....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Appellant has requested that the actual sale consideration the adopted for computing the Long Term Capital Gain. The contention of the Appellant is not acceptable. Since, capital gains has to be computed as per the provisions of section 50C. Since, the stamp duty value of the said property is more than the actual sale consideration the stamp duty value has to be adopted for computing the LTCG. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....assessee has filed the appeal before this Tribunal. It was argued by the Ld. AR that in view of the specific provision of section 50C(2) r.w.s. 55A of the Act the matter should have been referred to the DVO in accordance with the principles of natural justice. Our attention was drawn to page 2 of the appeal order of the Ld. CIT(A) which contains the grounds of appeal and page 4 thereof. The Ld. AR....