2025 (3) TMI 1582

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....r>Income Tax<br>The Hon&#39;ble Mr. Justice Krishna S Dixit And The Hon&#39;ble Mr. Justice Ramachandra D. Huddar For the Appellants : Sri. Y.V. Raviraj., Advocate for Sri. M Dilip., Advocate. For the Respondent : Sri. K.K. Chythanya., Senior Counsel for Sri. Tata Krishna., Advocate. ORAL JUDGMENT PER: HON&#39;BLE MR JUSTICE KRISHNA S DIXIT This appeal by the Revenue calls in questi....

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....l in case of Sakthi Metal Depot V/s CIT (reported in (2021) 130 taxmanc.com 238 (SC)"? 2. "Whether Tribunal's order can be said as perverse in nature in not appreciating that assessing authority and CIT (A) rightly computed short term capital gain amounting to Rs.&nbsp;16,34,94,975/- by observing that description of the property given in both partnership deed and sale deed, it is establis....

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....s not in dispute. This fact matrix and legal reasoning has animated impugned order of the Tribunal. 4. The heavy reliance by the learned Sr. Panel Counsel appearing for the Revenue on SAKTHI METAL DEPOT vs. COMMISSIONER OF INCOME TAX [(2021) 130 TAXMANN.COM 238] does not come to his aid inasmuch as at para 2 in the reproduction, the first line itself says that in that case the building in quest....