The Commissioner of Income Tax-IV vs. M/s Pokarna Limited

The appeals are dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

2 acres 25.61 guntas of land. A portion of the property was idle. This prompted the assessee to dispose off the property in question in somewhat distress sale. Since there was a group concern M/s. MD Properties Ltd., which could profitably put the property to use, it was decided to sell the property to the said concern. The - - 13 sale

The Director of Income Tax (Exemptions) vs. G Pulla Reddy Chritable Trust

In the result, the orders passed by the Commissioner of

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH