SH. AMARDEEP SINGH ATHWAL,YAMUNANAGAR vs. ITO, WARD-1, YAMUNANAGAR

Bench: BEFORE: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

PAWAN KUMAR,FATEHABAD vs. INCOME TAX OFFICER WARD-1, FATEHABAD

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

ARJESH KUMAR,PATIALA vs. ITO NATIONAL E-ASSESSMENT CENTRE , DELHI

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

BALBIR KUMAR HUF,CHANDIGARH vs. ITO , CHANDIGARH

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

INCOME TAX OFFICER, FATEHABAD vs. MAHESH NAGPAL, FATEHABAD

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

SAROJ CHAUDHARY BALA,PANCHKULA vs. ITO, WARD-4, PANCHKULA

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

SH. AMARDEEP SINGH ATHWAL,YAMUNANAGAR vs. ITO, WARD-1, YAMUNANAGAR

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

RANJIT SINGH,PANCHKULA vs. DEPUTY DIRECTOR, CPC DEPARTMENT

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

45(5) by the Finance Act, 2003 with effect from 1-4-2004. This newly added clause envisages a situation where in the assessment for any year,— - the capital gain arising from the transfer of a capital asset is computed by taking the - - compensation or consideration referred to in clause (a) of section

SANJEEV KUMAR KATHURIA,YAMUNA NAGAR vs. INCOME TAX OFFICER WARD 1 , YAMUNANAGAR

In the result, the appeal of the assessee is allowed

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

45 would have no application. Sections 48 and 49 provide the method and manner of computation of income chargeable under the head of capital gains. [Para 17] ■ For assessing the cost with reference to certain modes of acquisition has been now treated as per the Explanation (iii) to section 48 to be First day of April, 1981 or the cost

KAKA SINGH ALIAS GULJAR SINGH,PATIALA vs. INCOME TAX OFFICER , PATIALA

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\n- the capital gain arising from the transfer of a capital asset is\n\n21\n\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section

NARENDER KAUR,KURUKSHETRA, HARYANA vs. INCOME TAX OFFICER WARD-1 , KURUKSHETRA

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\n- the capital gain arising from the transfer of a capital asset is\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section

SH. AJIT SINGH,PINJORE vs. ITO, WARD-1, PANCHKULA

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\nthe capital gain arising from the transfer of a capital asset is\n21\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section

GURDEEP SINGH HUF,CHANDIGARH vs. ITO, WARD 5(5), CHANDIGARH

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\nthe capital gain arising from the transfer of a capital asset is\n22\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section

SH. SURESH PAL,YAMUNA NAGAR vs. ITO, WARD 5, YAMUNA NAGAR

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\n- the capital gain arising from the transfer of a capital asset is\n21\ncomputed by taking the -\n- compensation or consideration referred to in clause (a) of section

RANJEET SINGH KHUBBER,AMBALA vs. ITO, WARD 2, AMBALA

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\nthe capital gain arising from the transfer of a capital asset is\n21\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section

BALJIT SINGH,AMBALA CITY vs. INCOME TAX OFFICER, WARD-1, AMBALA, AMBALA

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\n- the capital gain arising from the transfer of a capital asset is\n21\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section

RAGHBIR SINGH HUF,CHANDIGARH vs. ITO-WARD-1(3), CHANDIGARH

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\n- the capital gain arising from the transfer of a capital asset is\n21\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section

JARNAIL SINGH,VILLAGE BHAGWANPUR, KALKA vs. ITO, WARD-2, PANCHKULA

45(5) by the Finance Act,\n2003 with effect from 1-4-2004. This newly added clause envisages a situation\nwhere in the assessment for any year,-\n- the capital gain arising from the transfer of a capital asset is\ncomputed by taking the -\ncompensation or consideration referred to in clause (a) of section