2026 (3) TMI 1111

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.....) 2. Registry has informed that there is a delay of 348 days in filing the instant appeal. Application for condonation of delay along with affidavit has been filed and placed on record. Ld. Departmental Representative (DR) opposed for condonation of delay. I have gone through the contents of the affidavit and the reasons stated for delay and find that the same are reasonable cause and the assessee had bonafide reason giving rise to this delay and also find that the delay is not intentional and the assessee has not gained by delay in filing the appeal. Therefore, adopting a justice oriented approach and also taking guidance from the judgments of Hon'ble Apex Court in the case of Collector, Land Acquisition, Anantnag & Anr. Vs. Mst. Katij....

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.... improvement cost, however considering the fact that there was a construction of triple storeyed building, assessee deserves deduction for indexed cost of improvement. 5. On the other hand, Ld. Departmental Representative (DR) supported the order of Ld. CIT(A). 6. I have heard rival contentions and perused the records placed before me. I observe that assessee is an individual and she furnished return of income on 19.08.2019 declaring income of Rs. 1,88,421/-. In the income tax return, assessee has disclosed the income from capital gain of Rs. 30,342/- from the sale of immovable property located at BESA, P.S.K. 38, Nagpur. So far as sale consideration of the property is concerned, there is no dispute at the end of both the parties. The....