ITO, WARD-4(1), PATNA vs. JAGDISH RAY, PATNA
In the result, the appeal of revenue-ITA No
ITA 102/PAT/2020[2014-15]Status: DisposedITAT Patna04 Jan 2023AY 2014-15
Section 10(37)Section 250Section 96
capital gain arising on transfer of land by way of acquisition by the Government of India is not taxable. I accordingly hold that the additions of Rs.
1,04,58,374/- made by computing
LTCG is not sustainable. Hence, the same is deleted.
In the result, the appeal of appellant is allowed.
9. From perusal of the above findings
