ASSISTANT COMMISSIONER OF INCOME TAX-1(1),, RAIPUR vs. SHRI SHARAD GOEL, RAIPUR

In the result appeal of the revenue stands dismissed, in terms of our observations herein above

Bench: SHRI RAVISH SOOD (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

132 to 140), the claim of the assessee regarding Profit on sale of agricultural land Rs. 5,77,59,138/- exempt from tax u/s 10 was very much there in the computation of total income, thus the allegation of the Ld AO for reopening the case that the assessee was failed in its duty to disclose full and true particulars

RAJESH CHAND SURANA,RAIPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAIPUR

In the result, appeal of the assessee is allowed