THE ACIT, CEN-CIRCLE, KOTTAYAM vs. SRI.JOSE THOMAS, ADOOR
In the result, the appeals of the assesses in ITA no
ITA 238/COCH/2019[2011-12]Status: DisposedITAT Cochin30 Sept 2019AY 2011-12
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
