Case Law Details
Case Name : Sh. Prem Chand Jain Vs ACIT (ITAT Jaipur)
Appeal Number : ITA No. 98/JP/2019
Date of Judgement/Order : 08/06/2020
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Jaipur
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Sh. Prem Chand Jain Vs ACIT (ITAT Jaipur)
The issue under consideration is whether the provisions of section 56(2)(vii)(b) can be invoked in case of agricultural land where it doesn’t qualify as falling in the definition of capital asset?
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