ITAT Hyderabad Grants Major Relief to Assessee’s Family – Agricultural Land & JDA Disputes Resolved

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...