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1 result for “capital gains”+ Section 158Bclear

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Section 153A7Section 54B6Section 143(3)2Section 139(1)2Section 1392

ANAND PRAKASH KAMDAR,BHOPAL vs. ACIT-1(1), BHOPAL

ITA 58/IND/2019[2010-11]Status: DisposedITAT Indore20 Jan 2023AY 2010-11

Bench: Shri Chandra Mohan Garg & Shri B.M. Biyaniassessment Year: 2010-11 Anand Prakash Kamdar Acit-1(1) E-4/188, Bhopal बनाम/ Arera Colony, Vs. Bhopal (Appellant / Assessee) (Respondent / Revenue) Pan: Afopk0788A Assesseeby S/Shri Sumit Nema, Sr. Adv.& Gagan Tiwari Adv. Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 17.11.2022 Date Of Pronouncement 20.01.2023

Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 54B

capital gain of Rs. 36,76,886/- derived from sale of urban agricultural land and claiming exemption of Rs. 36,76,886/- u/s 54B on the basis of investment made in another agricultural land and thereby offering taxable gain at Rs. Nil, which was accepted by the authorities. Thereafter, during the course of search- proceeding undertaken by department, a document