This is certainly an appeal filed by the assessee up against the purchase of ld. CIT(A)-III, Jaipur dated 16.12.2015 for Assessment 2012-13 wherein the assessee has challenged the action of ld year. CIT(A) in confirming the dis allowance of exemption of Rs. 30,00,000/- claimed u/s 54F regarding the Act.
Quickly reported, the reality for the instance are that throughout the year into consideration, the assessee has sold three lands that are agriculture to him for the purchase consideration of Rs. 99,25,000. The assessee has bought another agricultural land at a consideration of Rs. 32,00,000/- for which deduction u/s 54F has been advertised and exact same had been permitted because of the Assessing Officer and it is perhaps perhaps not in dispute before us. Continuer la lecture de FULL TEXT OF THE ITAT PURCHASE IS THE FOLLOWING