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2017 (10) TMI 1153 - ITAT MUMBAIRevision u/s 263 - CIT(A) revising the assessment framed by the AO under section 143(3) for claiming higher cost of acquisition and excess indexation cost - Held that:- The evidences clearly leads us to the fact that the cost of acquisition of these two row houses i.e. No. 10 and 11 is ₹ 53,69,696/- and this was acquired as on 12-11-1994 vide agreement cum allotment letter from where the assessee started making payment as it is clearly evident from the above Paras. In view of the above facts and circumstances, we are of the view that the assessment framed by AO under section 143(3) of the Act is neither erroneous nor prejudicial to the interest of the Revenue. Accordingly, we quashed the revision order passed by CIT(A) under section 263 of the Act and allow the appeal of the assessee.
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