Sale of agricultural land by converting into plots would attract section 45(2)

HIGH COURT OF ALLAHABAD Rajendra Kumar Dwivedi versus Commissioner of Income-tax, Kanpur Sunil Ambwani and A.N. Mittal, JJ. IT Appeal Nos. 33 of 2002, 457 & 458 of 2007 August 24, 2012 JUDGMENT 1. We have heard Shri Krishna Agrawal for the appellant-assessee. Shri Dhananjay Awasthi appears for the respondent-department. 2. These three income tax appeals under Section 260A of the Income Tax Act, 1961 (the Act) filed by the appellant-assessee, are directed against common order of the Income Tax Appellate Tribunal dated 31st December, 2001 deciding Income Tax Appeal Nos.2038 ...