Abhay Narayan Pandey v. The ACIT

Parties Involved

Facts Summary

The assessee filed appeals against orders passed by the Commissioner of Income Tax (Appeal) for Assessment Years 2012-13 and 2017-18. For AY 2012-13, the assessee declared a total income of Rs.16,00,650/- and later disclosed a long-term capital gain of Rs.1,65,44,423/- on the sale of a property. For AY 2017-18, the assessee declared a total income of Rs.26,17,560/-. The Commissioner of Income Tax assessed additional income of Rs.2,87,99,824/- for AY 2012-13 and Rs.57,04,354/- for AY 2017-18. The assessee challenged these assessments, claiming errors in the Commissioner's decisions.…

Legal Issues

• 1. Error in not allowing land leveling expenses for AY 2012-13.
• 2. Error in disallowing land developing expenses for AY 2012-13.
• 3. Failure to appreciate the appellant's submission on development costs for AY 2012-13.
• 4. Failure to give an opportunity of being heard for AY 2012-13.
• 5. Error in not allowing land leveling expenses for AY 2012-13.
• 6. Error in capital gain calculation for AY 2012-13.

Judgment Outcome

Decided in favour of Assessee.

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