Should capital gains tax liability be determined on the sale of land along with construction?

Last updated: 26 October 2021
Quick Summary
This case concerns whether capital gains tax should be applied to the sale of land, even if there was no construction on it. The Assessing Officer initially believed tax was due, but an enquiry revealed the land was outside municipal limits. Consequently, the Income Tax Appellate Tribunal allowed the assessee's appeal for statistical purposes.

Court :
ITAT Delhi

Brief :
This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals], Meerut dated 29.01.2018 pertaining to assessment year 2009-10.

Citation :
ITA No. 2286/DEL/2018

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Poojitha Raam Vinay
Published in Income Tax
Views : 183
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