SHRI NARESH KUMAR GOLCHHA,KATNI vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2, JABALPUR
In the result, the appeal is allowed
ITA 90/JAB/2018[2013-14]Status: DisposedITAT Jabalpur03 Apr 2019AY 2013-14
Bench: Shri A. D. Jain & Shri T. S. Kapoorassessment Year:2013-14 Shri Naresh Kumar Golchha V. Pr. C.I.T.-2 C/O Samapat Lal & Sons Jabalpur Raghunath Ganj Katni Tan/Pan:Afhpg3398F (Appellant) (Respondent) Appellant By: Dr. H. S. Modh, Advocate Respondent By: Shri P. D. Chougale, D.R. Date Of Hearing: 02 04 2019 Date Of Pronouncement: 03 04 2019
For Appellant: Dr. H. S. Modh, AdvocateFor Respondent: Shri P. D. Chougale, D.R
Section 143(3)Section 263Section 263(1)Section 48Section 50CSection 54E
section 50C, the capital gain, after allowing the index cost of the acquisition works out to Rs.82,69,800/-; that the assessee is eligible for deduction of Rs.43,40,000/- u/s. 54EC of the Act, which is more than the capital gain of Rs.34,88,000/- worked out on the actual sale consideration; that the plots from which the capital
