M/S EMBROCIA FARMS PVT LTD. ,PATHANKOT vs. D.C.I.T, CIRCLE-6,, PATHANKOT
In the result, the assessee’s appeal is (in ITA No
ITA 284/ASR/2017[2006-07]Status: DisposedITAT Amritsar13 May 2019AY 2006-07
Bench: Sh. Sanjay Arorai.T.A. Nos. 561/Asr/2018 & 284/Asr/2017 Assessment Year: 2006-07
For Appellant: Sh. Tarsem Lal, AdvFor Respondent: Sh. Charan Dass, Sr. D.R
Section 143(3)Section 154Section 250Section 271(1)(c)Section 50C
term capital gain as land.’
In short, he accepted the assessee’s claim for deduction of WDV at Rs.71 lacs, allowing the assessee, thus, a relief of Rs.26.06 lacs (Rs.71 lacs – Rs.44.94 lacs), while upholding the separate working of LTCG on the value attributable to land.
2.3
The assessee moved an application u/s. 154 dated 15.05.2017 (on 18.5.2017/copy
