38 results for “capital gains”+ Section 249(4)(b)clear
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In the result, the appeals of the assessesin ITA no
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
gains. The original agreed sale consideration for the total plot of land was increase from Rs.6.5 crore to 12.5 crores. Those land owners who owned a part of the plot of land in question but were non trustees received much lesser amount. Since legally the trustees could not sell the trust, the old trustees surrendered their trusteeship in favour