Stay Petition No. 82/Bang/2010 (In I.T.A No. 1160/Bang/2010) (Assessment Year 2006-07) and I.T.A. No. 1160/Bang/2010 (Assessment Year 2006-07). Case: Smt. Sheela Pishe, Partner Rupasi Vs Income-tax Officer. Bombay ITAT High Court
| Case Number | Stay Petition No. 82/Bang/2010 (In I.T.A No. 1160/Bang/2010) (Assessment Year 2006-07) and I.T.A. No. 1160/Bang/2010 (Assessment Year 2006-07) |
| Judges | O.K. Narayanan, Vice President and P. Madhavi Devi, J.M. |
| Issue | Income Tax Act |
| Judgement Date | Tuesday November 02, 2010 |
| Court | Bombay ITAT High Court |
Order:
O.K. Narayanan, Vice President, (In the ITAT Bangalore 'A' Bench)
The appeal and the stay petition are filed by the Assessee. The relevant assessment year is 2006-07. The appeal is directed against the order of the Commissioner of Income-tax(A)-I at Bangalore, dated.31.08.2010 and arises out of the assessment completed Under Section 143(3).
The Assessee in this case had purchased a property in the previous year relevant to the assessment year under appeal. The consideration paid by the Assessee for the purchase and the purchase price reported by the Sub-Registrar to the Income tax Department differed. In spite of prima facie evidences produced by the Assessee to...
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