THE ASSISTANT COMMISSIONER OF INCOME-TAX, RAIPUR (CG) vs. SHRI RAJKUMAR RATHI, RAIPUR (CG)

In the result, appeal of the Revenue is dismissed

Bench: Shri Partha Sarathi Chaudhury & Dr. Mitha Lal Meenaआयकर अपील सं. / Ita No. 125/Rpr/2016 धनधाारण वषा / Assessment Year : 2012-13 The Assistant Commissioner Of Income Tax-3(1), Raipur (C.G.) .......अपीलाथी / Appellant बनाम / V/S. Shri Rajkumar Rathi, Kawardha Bada, Opp. Surya Apartment, Katora Talab, Raipur (C.G.) Pin-492001 Pan: Aappr0032A ……प्रत्यथी / Respondent Assessee By : Shri R.B. Doshi, Adv. Revenue By : Shri A.K. Laskar, Jcit

section, where the capital gain arises from transfer of land which in the two immediately preceding years from the date of transfer, was being used for agriculture purposes and the assessee has within a period of two years after that purchased any other land, whether in the same area or elsewhere, for being used for agriculture purposes, then the capital