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ITAT Hyderabad Grants Major Relief to Assessee’s Family – Agricultural Land & JDA Disputes Resolved
Case Law Details
- Case Name
- Ramesh Babu Nimmatoori Vs ACIT (ITAT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Hyderabad
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Ramesh Babu Nimmatoori Vs ACIT (ITAT Hyderabad)
ITAT Hyderabad Grants Major Relief to Assessee’s Family – Agricultural Land & JDA Disputes Resolved
Hyderabad Tribunal delivered a common order disposing of 15 appeals by six family members (Ramesh Babu, Raja Babu, Yashoda, Sulochana, Manjusha & Anudeep) and two by Revenue. The matters arose out of search in Aurora Educational Society group, leading to multiple additions on land dealings, capital gains, advances, JDAs & unexplained investments.
1. Sale of Agricultural Land – Not a Capital Asset
Assessees sold 4 acres at Rai...
Author Info
