“Section 2(47)(iii)”

Section References (mined)Section 2Section 2(47)(iii)2 judgments

LAND ACQUISITION OFFICE,GURGAON vs. DCIT, (TDS), GURGAON

Appeal is allowed in above terms

ITA 643/DEL/2023[2013-14]Status: DisposedITAT Delhi05 Dec 2024AY 2013-14

Bench: Shri Satbeer Singh Godara & Shri M. Balaganeshassessment Year: 2013-14 Vs. Dcit (Tds), Land Acquisition Officer, Huda Complex, Sector-14, Gurgaon Gurgaon Pan :Rtklo0706G (Appellant) (Respondent) Assessee By None Department By Ms. Jaya Choudhary, Cit(Dr)

Section 194ASection 201(1)Section 201(1)(A)Section 28Section 34Section 56

thus constitute 'capital asset' under section 2(14) of the Act. Compulsory acquisition of capital asset under any law is 'transfer under section 2(47)(iii) of the Act. Accordingly, any profit or gain arising from transfer of such a capital asset is exigible to capital gains tax under section

GURUVENDRA SINGH ,KOTA vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, KOTA, KOTA

In the result, appeal of the assessee is allowed

ITA 144/JPR/2023[2016-17]Status: DisposedITAT Jaipur07 Dec 2023AY 2016-17

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

For Appellant: Sh. Rohan Sogani (CA)For Respondent: Sh. A. S. Nehra (Addl. CIT) a

Section 142(1)Section 143(2)Section 143(3)Section 548Section 54B

year in which the compensation was received by the assessee and not when the land was compulsorily acquired. 4.8.ii As per Section 2(47)(iii), Capital Asset is said to be transferred, in the year in which the same is compulsorily acquired under any law. Accordingly, the period within which