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2016 (3) TMI 675 - ITAT KOLKATAIncome from other source v/s long term capital loss - transfer of land - Held that:- From the grounds of appeal raised by the revenue it is clear that the revenue has not dispute any of the findings of the CIT(A) except harping on the point that the purchaser of the property did not confirm the details of the transactions as given by the Assessee. The sale deed of the property dated 14.06.2005 is a registered documents. The authenticity of the same cannot be doubted. The fact that the purchase of the property did not respond to the notices issued by the AO cannot be the basis to treat the gain in question as income from other sources. The AO has not brought any material on record about the value of the property as adopted for the purpose of registration of documents by the Registrar of Assurances. In the given facts and circumstances we are of the view that conclusions drawn by the CIT(A) do not call for any interference . Accordingly order of CIT(A) is confirmed and this appeal by the revenue is dismissed. - Decided in favour of assessee
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