This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kolkata ITAT Deletes AO’s Capital Gains Addition Based on DVO’s Property Value
Case Law Details
- Case Name
- Arijit Chakraborty Vs ITO (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005-06
- Courts
- All ITAT, ITAT Kolkata
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Arijit Chakraborty Vs ITO (ITAT Kolkata)
The case of Arijit Chakraborty vs ITO before the ITAT Kolkata pertains to the computation of capital gains on the sale of property in the financial year 2004-05. The dispute revolves around the valuation of the property and whether the sale price was justified.
The Assessing Officer (AO) referred the matter to the Departmental Valuation Officer (DVO) who estimated the market price of the property at Rs. 73,26,350. However, the assessee sold the property for Rs. 30,00,000, citing continuous harassment by certain individuals preventing peaceful use and en...
