THE ITO, WARD-1(3),, JAMNAGAR vs. SHRI MALDEBHAI NARANBHAI VAROTARIA,, JAMNAGAR
In the result, the appeal filed by the Revenue is dismissed
ITA 169/RJT/2016[2012-13]Status: DisposedITAT Rajkot16 Sept 2022AY 2012-13
Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकर अपील सं./Ita No. 169/Rjt/2016 िनधा"रण वष"/Asstt. Years: 2012-2013 Income-Tax Officer, Shri Maldebhai Naranbhai Varotaria, Ward-1(3), Vs. Madhav Corporation, Jamnagar 3Rd Floor, Avantika Complex, Limda Lane Corner, Jamnagar.
For Appellant: Shri Mehul Ranpura, A.RFor Respondent: Shri Sanjeev Jain, CIT. D.R
Section 54BSection 54B(1)
disallowance of the deduction claimed under section 54B of the Act amounting to Rs. 5,58,67,007.00 only.
3. The assessee in the present case is an individual and claimed to be engaged in the business of land development and also drawing salary income. The assessee was the owner of agricultural land bearing survey number 384/2 situated at Thaltej
