2025 (1) TMI 660

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... disallowance of improvement cost of land claimed by the assessee and the assessee had shown the sale of the land under the head of short term capital gain - As decided by HC [ 2020 (7) TMI 573 - MADRAS HIGH COURT] law does not require the assessee to state the conclusion that could reasonably be drawn from the primary facts and if there were, in fact, some reasonable grounds for thinking that ther .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng orders before this Court is Rs.5 crores. In view of the said circulars, the Special Leave Petition is disposed of. However, question of law, if any, is kept open. - HON'BLE MR. JUSTICE ABHAY S. OKA And HON'BLE MR. JUSTICE UJJAL BHUYAN For the Petitioner : Mr. S Dwarakanath, A.S.G. Mr. Raj Bahadur Yadav, AOR Mr. Shashank Bajpai, Adv. Mr. Udai Khanna, Adv. Mr. Navanjay Mahapatra, Adv. M .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X