270 results for “capital gains”+ Section 43(5)clear
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In the result, both the appeal of different assessees are allowed
Bench: Shri Sanjay Garg & Dr. B.R.R. Kumar
43,554/- on account of long term capital gain on sale of agricultural land and in denying the deduction under section 54B of the Act. During the course of assessment proceedings, the Assessing Officer noted that assessee had sold land for consideration of Rs. 1,92,01,875/- through Registered Sale Deed dated 20.03.2007. The sale consideration comprised