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Commissioner Of Income Tax vs Manoharsinhji P. Jadeja on 9 December, 2004

8. However, it would be in the fitness of things to settle the issue for good in case we decide the issue involved on merit of the case in this appeal. It was argued that there is no cost of acquisition in the land. Therefore, no capital gain is leviable. The A.O. while submitting his remand report has mentioned at page no.4 by relying on the decision of the Hon'ble Gujarat High Court in the case of CIT vs. Manoharsinhji P. Jadeja reported in 281 ITR 19 (Guj) and the decision of ITAT, Pune Bench in the case of Manohar Pyarelal Sadane vs. ITO, Ward- 3(1), Dhule reported in 138 ITD 250. The Hon'ble Gujarat High Court has held as under :-
Gujarat High Court Cites 33 - Cited by 21 - Full Document
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