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Assessee engaged in property trading too can claim exemption u/s 54F
Case Law Details
- Case Name
- Sunil Bhandari Vs Assistant Commissioner of Income-tax (ITAT Jodhpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2006-07
- Courts
- All ITAT, ITAT Jodhpur
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IN THE ITAT JODHPUR BENCH
Sunil Bhandari
versus
Assistant Commissioner of Income-tax
IT Appeal No. 122 (Jodh.) of 2011
[Assessment year 2006-07]
November 30, 2012
ORDER
Hari Om Maratha, Judicial Member
This appeal of the assessee for the A.Y 2006-07 is directed against the order of the ld. CIT-I, Jodhpur dated 17.3.2011, passed u/s 263 of the Income-tax Act, 1961 [hereinafter referred to as ‘the Act’, for short].
2. The assessee has been deriving income from ‘dealing in property transactions’. He filed Return of Income [ROI] for A.Y. 2006-07 on 31.07....






