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Case Law Details

Case Name : Mahaveer Yadav Vs ITO (ITAT Jaipur)
Appeal Number : IT Appeal No. 209 (JP.) of 2017
Date of Judgement/Order : 27/02/2018
Related Assessment Year : 2011-12
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Mahaveer Yadav Vs ITO (ITAT Jaipur)

Where assessee converted agricultural land into state stock of residential plots then the assessee was liable to pay tax as per section 45(2). The fair market value of the asset on the date of conversion as

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One Comment

  1. Anil says:

    Was the land owner not required to obtain any prior permission from any competent authority for such conversion of agricultural land into residential ?

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