THE ASSISTANT COMMISSIONER OF INCOME-TAX, RAIPUR (CG) vs. SHRI RAJKUMAR RATHI, RAIPUR (CG)
In the result, appeal of the Revenue is dismissed
ITA 125/BIL/2016[2012-13]Status: DisposedITAT Raipur16 May 2019AY 2012-13
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
For Appellant: Shri R.B. Doshi, AdvFor Respondent: Shri A.K. Laskar, JCIT
Section 54B
1 A) and 2(14) rendering capital gains on certain agriculture land liable to tax, an exemption as introduced analogous to that granted in
5
A.Y.2012-13
respect of residential houses u/s 54. Under this 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