2021 (9) TMI 1244

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....avi , JM This appeal by the Revenue against the order dated 01-12-2017 passed by the Commissioner of Income Tax (Appeals)-8, Pune ['CIT(A)'] for assessment year 2009-10. 2. The only ground raised by the Revenue challenging the action of CIT(A) in holding 50% of the sale consideration received in the year under consideration is chargeable to tax in the facts and circumstances of the case.....

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....d land is to be taxed in the year under consideration. Accordingly, he held the share of assessee's sale consideration is at Rs. 36,45,12,750/- by giving effect to cost of acquisition of Rs. 51,62,320/- determined the capital gain in the hands of the assessee at Rs. 35,93,50,430/-. 4. In the First Appellate proceedings, the CIT(A) placed reliance in the case of Shri Rajendra S. Goel who is al....