SUDHA GUPTA,BILASPUR vs. THE INCOME TAX OFFICER, BILASPUR
ITA 435/RPR/2025[2018-19]Status: HeardITAT Raipur05 Aug 2025AY 2018-19
Bench: Shri Partha Sarathi Chaudhury, Jm & Shri Arun Khodpia, Am आयकर अपील सं. / Ita No: 435/Rpr/2025 (िनधा"रण वष" Assessment Year: 2018-19)
For Appellant: Shri R. B. Doshi, CAFor Respondent: Dr. Priyanka Patel, Sr. DR
Section 139(1)Section 147Section 250Section 69A
Capital Gain for sale of an agricultural land without appreciating facts that indexed cost of Acquisition should have been deducted from Sale Consideration. The addition made by AO and confirmed by Ld. CIT(A) is arbitrary, illegal and not justified since in lack of purchase cost, fair market value as on 01.04.2011 could have been taken as Cost of acquisition
