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Case Law Details

Case Name : Babubhai Shantilal Solanki Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2012-13
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Babubhai Shantilal Solanki Vs ITO (ITAT Ahmedabad)

It is seen from the sale deed executed on 30.05.2011, the entire consideration were being made through cheque payments. However, as it can been seen from the other co-owners assessment orders, the Income Tax Department has accepted the returned income filed by the respective assessee and has not adopted section 50C valuation for the other co-owners namely Smt. Hiraben Shantilal and Smt. Indiraben Shantilal as can been seen from the reassessment orders passed u/s. 143(3) r.w.

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