THE ACIT, TRICHUR vs. SRI.ARUN MAJEED, THRISSUR

In the result, the appeals of the Revenue are dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

capital gain on sale of these plots. According to the Assessing Officer, the assessee converted the lands into various housing plots after obtaining approval from the Chennai Metropolitan Development Authority and since, the activities of the assessee in converting the landed property

THE ACIT, TRICHUR vs. SRI.ARUN MAJEED, THRISSUR

In the result, the appeals of the Revenue are dismissed