Supreme Court dismisses Special Leave Petition after condoning delay, no interference with High Court judgmentCapital gain - Nature of land sold - capital asset or agricultural land - whether lands sold by the assessee are non-agricultural lands and fall within the definition of capital assets u/s 2(14)(iii) and therefore attract tax on the Capital gains? - HADA is not a body within the meaning of clauses (a) and (b) of Section 2 (14) (iii) of the Act and as affirmed the sale of said land did not form part of capital gain - HELD THAT:- No good ground to interfere with the impugned judgment and order pas... ... ... Title: Supreme Court dismisses Special Leave Petition

Court: Supreme Court of India

Judges: Hon'ble Mr. Justice Krishna Murari and Hon'ble Mr. Justice Ahsanuddin Amanullah

Petitioner's Counsel: Mr. N Venkataraman, A.S.G., Mr. Ishaan Sharma, Mr. Annirudh Sharma Ii, Mr. Rupesh Kumar, Mr. Rajan Kumar Choursia, Mr. Ashok Panigrahi, Mr. Dharma Datta Verma, and Mr. Raj Bahadur Yadav

Decision: Delay condoned. Special Leave Petition dismissed. No good ground to interfere with the High Court's judgment. Pending application(s) disposed of. Capital gain - Nature of land sold - capital asset or agricultural land - whether lands sold by the assessee are non-agricultural lands and fall within the definition of capital assets u/s 2(14)(iii) and therefore attract tax on the Capital gains? - HADA is not a body within the meaning of clauses (a) and (b) of Section 2 (14) (iii) of the Act and as affirmed the sale of said land did not form part of capital gain - HELD THAT:- No good ground to interfere with the impugned judgment and order passed by the High Court. Accordingly, the Special Leave Petition is dismissed. Commissioner of Income Tax III And Anr. Versus M.R. Seetharam
Income Tax
2023 (5) TMI 555 - SC Order - [2023] 453 ITR 757 (SC)
SUPREME COURT OF INDIA - SC
Dated:- 10-2-2023
Petition(s) for Special Leave to Appeal (C) No(s). 3179/2023 - -
Income Tax
Hon'ble Mr. Justice Krishna Murari And Hon'ble Mr. Justice Ahsanuddin Amanullah For the Petitioner(s) : Mr. N Venkataraman, A.S.G., Mr. Ishaan Sharma, Adv., Mr. Annirudh Sharma Ii, Adv., Mr. Rupesh Kumar, Adv., Mr. Rajan Kumar Choursia, Adv., Mr. Ashok Panigrahi, Adv., Mr. Dharma Datta Verma, Adv. And Mr. Raj Bahadur Yadav, AOR ORDER Delay condoned. We have heard learned ASG for the petitioners. We do not find any good ground to interfere with the impugned judgment and order passed by the High Court. Accordingly, the Special Leave Petition is dismissed. Pending application(s), if any, stand disposed of.
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2023 (5) TMI 555