SMT. SHANTIBEN MANUBHAI PATEL,,SURAT vs. THE INCOME TAX OFFICER, WARD-4(4),, SURAT
In the result, the corresponding ground of appeal is partly allowed
ITA 1608/AHD/2015[2010-11]Status: DisposedITAT Surat13 Apr 2022AY 2010-11
Bench: Shri Pawan Singh, Hon'Ble Jm & Dr. Arjun Lal Saini, Hon'Ble Am (Virtual Court Hearing) Sl.
property acquired was a 'capital asset' as the words 'which has a population of not less than ten thousand' In section 2(14) (iii) (a) would qualify only 'the municipality or cantonment and not the expression 'area', and, therefore, the
Kamuben B. Patel/AY.2007-08 to 2010-11
capital gains arising out of the sale of the land In question could