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2021 (5) TMI 825 - AT - Income TaxLTCG - transaction of sale of land - HELD THAT:- While considering the similar contention of assessee in the said held that when the transaction of sale of land was taken during the financial year 2011-12 relevant to the assessment year 2012 -13, the amended provision of section 55A(a) would not be applicable and one shall be guided by the wrest while provision of un-amended section 55 A(a) of the Act. Therefore, respectfully following the same, we allow the ground No. 1 raised by the assessee. In view of the above factual and legal discussion and keeping in view the consistent decision of Hon’ble Jurisdictional High Court in Gauranginiben S Sodhan [2014 (2) TMI 78 - GUJARAT HIGH COURT] and CIT vs. Pooja Prints [2014 (1) TMI 764 - BOMBAY HIGH COURT] -grounds of appeal raised by the assessee are allowed.
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