The Tax Publishers2023 TaxPub(DT) 530 (Chen-Trib)

MAHAVIR SINGH, V.P. & MANOJ KUMAR AGGARWAL, A.M.

K B M Nagendra Sethupathy v. ITO

ITA No.141/Chny/2020

A.Y. 2009-10

16 January 2023

Assessee by: T.N. Seetharaman (Advocate) learned Authorised Representative

Revenue by : ARV Sreenivasan (Addl. CIT) Ld. Sr. DR

 

ORDER

Manoj Kumar Aggarwal (A.M.)

In this appeal for Assessment Year (AY) 2009-10, the grievance of the assessee is two-fold i.e., (1) Computation of Long Term Capital Gains (LTCG); (ii) Addition of cash deposit. The assessee has filed revised Form No.36 to bring on record legal heirs of the deceased assessee which is found in order. The assessee has also filed concise grounds on impugned issues. The order under challenge has been passed by learned Commissioner (Appeals)-1, Madurai [Commissioner (Appeals)] on 06-11-2019 in the matter of an assessment framed by learned assessing officer [AO] under section 143(3) read with section 147 on 28-3-2014. Having heard rival submissions, the issues are adjudicated as under.

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