Delhi HC to Review Taxation of Land Purchase Cancellation Proceeds The Delhi HC heard a Revenue appeal under Section 260A of the Income-Tax Act regarding taxation of Rs. 3,19,07,676 received by INS Finance & ...
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Delhi HC to Review Taxation of Land Purchase Cancellation Proceeds
The Delhi HC heard a Revenue appeal under Section 260A of the Income-Tax Act regarding taxation of Rs. 3,19,07,676 received by INS Finance & Investment P. Ltd. on cancellation of a land purchase certificate. The HC decided to examine the matter further and scheduled a hearing for 26th March 2019.
The Delhi High Court heard an appeal filed by the Revenue under Section 260A of the Income-Tax Act, 1961 regarding the taxation of Rs. 3,19,07,676 received by INS Finance & Investment P. Ltd. on cancellation of an auction and sale certificate for land purchased from the Debt Recovery Tribunal. The High Court decided to examine the matter further and issued a notice for the appeal to be heard on 26th March, 2019.
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