https://www.taxtmi.com/caselaws?id=239639 The appeal was partly allowed by the ITAT. The disallowance of capital expenditure was not pursued by the Assessee during the hearing. Regarding the taxability of capital gains from the sale of land and the applicability of section 50C, the ITAT held that section 50C could not be invoked as the initial agreements for land sale were not registered. The ITAT also ruled that the capital gains should be assessed in AY 2008-09, not in AY 2007-08, as per the Assessee's request. en-us Wed, 13 Nov 2013 00:00:00 +0530 Mon, 18 Nov 2013 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239639 The appeal was partly allowed by the ITAT. The disallowance of capital expenditure was not pursued by the Assessee during the hearing. Regarding the taxability of capital gains from the sale of land and the applicability of section 50C, the ITAT held that section 50C could not be invoked as the initial agreements for land sale were not registered. The ITAT also ruled that the capital gains should be assessed in AY 2008-09, not in AY 2007-08, as per the Assessee's request. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239639