INCOME TAX OFFICER WARD-2 (1), JAMMU vs. SHRI MOHD ASLAM BAGGAR, JAMMU
In the result, the appeal of the department is dismissed
ITA 104/ASR/2020[2015-16]Status: DisposedITAT Amritsar28 Feb 2023AY 2015-16
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Joginder Singh, CAFor Respondent: Sh. Hitendra Bhauraoji Ninawe, CIT DR
Section 10Section 10(37)Section 45(5)
TDS of Rs. 85,46,350/-, which was claimed exempt
u/s 10(37) of the Income Tax Act, 1961. In response to query raised
by A.O. regarding nature of land, the appellant filed details in respect
of the land and compensation amount received explaining that the
land was agricultural in nature and is situated outside municipal
limits. However, the Assessing