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FULL TEXT OF THE ITAT ORDER IS THE FOLLOWING

FULL TEXT OF THE ITAT ORDER IS THE FOLLOWING

This will be 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 of this Act.

Quickly claimed, the reality associated with case are that throughout the year into consideration, the assessee has offered three lands that are agriculture to him for the purchase consideration of Rs. 99,25,000.Continue reading