CARMEL EDUCATIONAL TRUST,PATHANAMTHITTA vs. DCIT,CEN- CIRCLE,, KOTTAYAM
In the result, the appeals of the assesses in ITA no
ITA 310/COCH/2019[2010-11]Status: DisposedITAT Cochin30 Sept 2019AY 2010-11
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
capital gains on
the amount of Rs.35 lacs after deducting an amount of Rs.7 lacs as cost of
acquisition. The Department and assessee challenged the decision before the
Tribunal and the Tribunal relied upon the Judgment of the Supreme Court in the
case of CIT v. B.C. Srinivasa Shetty[1981] 128 ITR and the amendment to section
I.T.A. Nos.27-35/Coch/2019,
54
