INCOME TAX OFFICER,WARD 1(1), JABALPUR vs. SHRI DEEPAK SINGH BANAFER, JABALPUR
In the result, the Revenue’s appeal is allowed on the aforesaid terms
ITA 92/JAB/2019[2014-15]Status: DisposedITAT Jabalpur11 Jan 2023AY 2014-15
Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble
For Appellant: Sh. L.L. Sharma, AdvocateFor Respondent: Sh. Shiv Kumar, Sr. DR
Section 131Section 143(3)Section 147Section 148(1)Section 54B
12 years.
4. We have heard the parties, and perused the material on record, giving our careful consideration to the matter.
4.1
Section 54B of the Act, exemption under which is under dispute in the instant case, reads as under:
Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases.
54B. (1) Subject
