SHRI NARESH JAIN,JAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3, JAIPUR
In the result, the appeal of the assessee is allowed
ITA 159/JPR/2019[2015-16]Status: DisposedITAT Jaipur11 Aug 2020AY 2015-16
For Appellant: Shri Vijay Goyal, CAFor Respondent: Shri K.C. Gupta, JCIT
Section 45Section 48Section 54F
house] (hereafter in this section referred to as the new asset), the capital gain shall be dealt with in accordance with the following provisions of this section, that is to say,—
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ITA159/JP/2019
Shri Naresh Jain vs ACIT, Circle-3, Jaipur
(a) if the cost of the new asset is not less than the net consideration in respect