HARI NARAYAN GUPTA (HUF),PATNA vs. ITO, WARD- 6 (5), PATNA

In the result, the appeal of the assessee is allowed

50C of the Income Tax Act, 1951)\n9) Less: Indexed cost of land\n10) Long Term Capital Gain for tax purpose 1,33,85,300/-\nThe Id. CIT (A) in the appellate proceedings dismissed the appeal of\nthe assessee by passing a very cryptic order by observing that the\nLong-Term Capital Gain was correctly computed