VISHWAMBHAR CHAUDHARI,KATIHAR vs. ITO, WARD-1(5), KATIHAR

In the result, the appeal of the assessee is allowed for statistical\npurposes

capital gains on presumption and surmises. The case of the\nassessee has not been considered in proper perspective. The assessee duly\napprised to the department that the property sold was agricultural land and any\ngains on the same was exempt under provision of section 10(37) of the L. T. Act,\n1961. Before the department the assessee duly filed copy

MANOJ KUMAR,PATNA vs. ITO WARD 4(4), PATNA, PATNA

In the result, appeal of the assessee is allowed for statistical purposes

Bench: SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER SHRI SONJOY SARMA (Judicial Member)

capital gains, the appellant ought to have submitted the copy of Purchase Deed for investment in agricultural land to claim exemption under Sec.548. 4. The Ld. CIT(A) observed that the assessee except the above documents did not file any other evidences in support of his claim and he also did not file to prove of deposit in CGAS account

ASHA DEVI L/H OF LATE GYAN CHAND PRASAD,PATNA vs. PR.CIT-1, PATNA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

46(1). The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 ("New Act of 2013") came into force from January, 2014 repealing the erstwhile Land Acquisition Act, 1894 ("LA Act 1894"). Section 24(2) of the 2013 Act. Retrospective Application: Provisions under the 2013 Act Section 24(1) of the 2013 Act provides that

ITO, WARD-4(1), PATNA vs. JAGDISH RAY, PATNA

In the result, the appeal of revenue-ITA No

capital gains arising to an individual or HUF from compulsory acquisition of an agricultural land situated in specified urban limit, subject to fulfillment of certain conditions. Therefore, compensation received from compulsory acquisition of an agricultural land is no taxable under the Act (Subject to fulfillment of certain conditions for specified urban land. The RFCTLAAR Act which came into effect from

KIRAN JAISWAL,PATNA vs. ITO, WARD- 4(5), PATNA

In the result, the appeal filed by the assessee is allowed for statistical purposes

capital gain merely on the ground that the appellant has sold land for Rs.31,25,000 the estimated cost of acquisition whereof would be Rs.2,46,000 notwithstanding the fact that the whole of the sale proceeds were invested in purchase of land and construction of residential house there on and that the same were specifically exempt under Section

RAVI BHUSHAN VERMA,BEGUSARAI vs. CPC, BENGALURU

In the result, the appeal of the assessee is treated as allowed for statistical purposes

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

capital gain, all the grounds of appeal are clubbed together for the sake of convenience and disposed off as under: 4.1. In this case, the appellant submitted that during the A.Y.2019-20, the appellant had sold his ancestral property along with his four brothers/cousins/nephew and the total consideration for the whole of the property was Rs.66,60,000/- out of which