2025 (3) TMI 1934

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.... PER RAJESH KUMAR, AM: This is an appeal preferred by the assessee against the order of the Commissioner of Income-tax (Appeals), Kolkata-21 (hereinafter referred to as the "Ld. CIT(A)"] dated 27.12.2023 for the AY 2018-19. 02. At the outset, the ld. Counsel for the assessee submitted that the dispute before this Tribunal is only in respect of addition confirmed by the ld. CIT(A) amounting t....

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....d and even now, dispute is not settled. It was further submitted that this property has several tenants in it. The ld. AR argued that the difference between the purchase consideration and the actual cheques honoured was added u/s 56(2)(x) of the Act to the income of the assessee without even referring the issue to the District Valuation Officer (DVO) u/s 55 of the Act. The ld. AR prayed that the i....

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....ertain encumbrances and accordingly, the possession was not handed over. We note that the ownership of the property went into litigation with other tenants living in the property. Now, in our opinion, it would be fair and reasonable if the status of the property is ascertained by the ld. AO after examining the status of the ownership, legal dispute going on, tenants in the property and if there is....