THE COMMISSIONER OF INCOME TAX-1, KOCHI vs. M/S.COCHIN MALABAR ESTATES & INDUSTRIES LTD.
ITA/179/2014HC Kerala28 Oct 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI
Section 143(2)Section 2(14)Section 2(14)(iii)Section 260A
establish an industrial estate was an
agricultural land u/s.2(14) and therefore, profit on sale not
assessable to income tax for capital gains?
2. Whether, on the facts and in the circumstances of the case
and in the light of the decision of Supreme Court in 204 ITR 631
-
a) Can not the consideration on sale of land be subjected
