SHAHNAJ,NEAR BHERUDANJI WELL vs. INCOME TAX OFFICER, WARD-2, INCOME TAX OFFICE
In the result, the appeal of the assessee is allowed
ITA 712/JODH/2024[2013-14]Status: DisposedITAT Jodhpur01 Jan 2025AY 2013-14
Bench: Dr. S. Seethalakshmi & Dr Mitha Lal Meenasmt. Shanaj Vs The Ito W/O Shri Aslam Khan Ward-2, Churu, Near Bherudan Ji Well,Ward No. 22 Churu Sardarshahar,Churu – 331 403 (Appellant) (Respondent) Pan No. Fpmps 3570 D
Section 139Section 147Section 148Section 151Section 50CSection 54F
vii) of the act are applicable on Capital Assets and not on agriculture land.
It is further to submit that according to the definition of ‘capital gain’ in section 45 of the Income-tax Act, 1961, the capital gain is chargeable on the transfer of ‘capital asset’ only and not otherwise. Hence, if the transfer is not of a capital
