Capital gain on sale of land - nature of land sold - once the ...

Capital Gains on Land Sale Governed by Unamended Provisions for AY 2011-12; Finance Act 2013 Amendments Not Applicable.

April 29, 2021

Case Laws Income Tax AT

Capital gain on sale of land - nature of land sold - once the amendment to the above statutory provision came vide Finance Act, 2013 w.e.f. 01-04-2014 the assessee’s case would continue to be governed by the earlier un-amended provisions as we are in AY.2011-12. This is also not the Revenue’s stand that assessee’s land(s) deserved to be treated as a capital asset as per the unamended proviso since covered by any notification issued in this behalf from the Central Government. - AT

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Capital gain on sale of land - nature of land sold - once the ...

Capital Gains on Land Sale Governed by Unamended Provisions for AY 2011-12; Finance Act 2013 Amendments Not Applicable.

April 29, 2021

Case Laws Income Tax AT

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