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2021 (6) TMI 928 - AT - Income TaxCapital gain computation - land was under the ULC Act - section 50C application - HELD THAT:- As per date of sale, the land was under the ULC Act and the state legislature repealed on 27.3.2008 and thereafter division of Hon'ble jurisdictional High Court, the state government issued a Memo on 11.7.2012 declaring that the property does not attract the provisions of ULC Act and thereafter the Tahsildar vide letter dt. 24.5.2014 allowed the construction on the land. There is no infirmity in the order of CIT(Appeals). Therefore we dismiss the appeal of the Revenue.
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