SUNITA ADUKIA,RANCHI vs. DCIT CIR-2, RANCHI
In the result, appeal is partly allowed
ITA 15/RAN/2018[13-14]Status: DisposedITAT Ranchi30 Oct 2019
Bench: S/Shri Chandra Mohan Gargassessment Year: 2013-14
For Appellant: Shri Rajiv Ranjan Mittal, CAFor Respondent: Shri P.K.Mondal, Addl. CIT(DR)
Section 132Section 143(3)Section 153Section 153ASection 54
houses
for partners and its sale six years later due to the unhealthy conditions of
the locality, could not constitute an adventure in the nature of trade,
especially when the land is not ordinarily a commercial commodity.
1o
At thus juncture, I also find it necessary to take cognizance
of the decision of Hon’ble Supreme Court in the case
