Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (11) TMI 913 - HC - Income TaxRevision u/s 263 - income chargeable under the head "Capital gains" - Held that:- The appeal stands allowed and the issue is answered in favour of the assessee. However, it is made clear that as and when valuation of the land will be considered, the acquisition of price of ₹ 2 crores will not be considered, only the difference of ₹ 9 crores will be considered for any other purpose or for giving him benefit under the Income Tax Act.
|