2020 (1) TMI 924

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....ies. 2. The Appeal challenges the order dated 30 September 2019 passed by the Income Tax Appellate Tribunal, Pune, under Section 143(3) of the Income Tax Act 1961 (the 'Act'). 3. This Appeal relates to the Assessment Year 2009-10. 4. The Appellant has raised the following questions as substantial questions of law. '(I) Whether on the facts and in the circumstances of the case and in law the T....

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....isition of the land was adopted by the assessee at Rs. 9,30,000/- after claiming cost of commission of Rs. 3,50,000/- and also claimed cost of improvement of Rs. 15,50,000/-. The assessee claimed exemption under section 54F of the Act at Rs. 32,50,000/- for construction of residential house. The assessee's claim was rejected as the Assessing Officer noting that the land on which the assessee had c....

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....6 ITR 625 (SC). The Division Bench distinguished the view taken by the Andhra Pradesh High Court in the case of Mir Gulam Ali Khan (Late) v. CIT [1987] 165 ITR 228 (AP). 7. It is the contention of Mr. Deshpande, the learned Counsel appearing on behalf of the Petitioner that the Delhi High Court in the case of Commissioner of Income-Tax v. Ravinder Kumar Arora -  [2012] 342 ITR 38 (Delhi) and....