MESERS EMBROCIA FARMS PVT LTD,PATHANKOT vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6, PATHANKOT
In the result, the assessee’s appeal is (in ITA No
ITA 561/ASR/2018[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
50C could not have been invoked as a sale was a composite sale.
(b) The land sold was appurtenant to the feed mill, and not, as stated, not appurtenant thereto, so that the capital gain could not be separately computed.
Qua the first issue, the ld. CIT(A) held that the issue being now raised was not the subject matter
