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Income Tax Appellate Tribunal, DELHI BENCH “E”: NEW DELHI
Before: SHRI AMIT SHUKLA & SHRI L.P. SAHU
The appeal filed by the Revenue is directed against the order of Ld. Commissioner of Income Tax (Appeals), Moradabad dated 29.01.2015 pertaining to the assessment year 2011-12. 2. The income assessed as long term capital gain of Rs. 1,00,47,528/- on which the tax determined @ 10% is Rs. 10,04,752/- which is less than its prescribed limit of Rs. 20 lacs. Admittedly, the tax effect in the Departmental Appeal is less than Rs.20 lakhs. Vide