DR. SANJAY KUMAR,RANCHI vs. PR. CIT, RANCHI

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]

40,228/- u/s 54 of the Act under the head long term capital gain from sale of piece of vacant land. According to PCIT since the property under reference and sold by the assessee is a vacant piece of land and was not used for residential purpose, deduction u/s 54 of the Act was not allowable as the said section

ACIT CIRCLE-1, DHANBAD vs. SRI VIKASH AGARWAL, DHANBAD

In the result, grounds of appeal raised by the revenue is allowed for statistical purposes