TaxTMI 
TaxTMI 
2025 (4) TMI 2031
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....ER PER DR. MANISH BORAD, AM : This appeal at the instance of assessee is directed against the order of the Ld. CIT(A)/National Faceless Appeal Centre, Delhi dated 09.08.2024 which is arising out the order u/s. 143(3) r.w.s. 147 of the Act for Assessment Year 2012-13 framed by ITO, Ward-1(3), Aurangabad. 2. Brief facts of the case are that the assessee is an individual and filed his return....
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....Ld. Assessing Officer u/s. 69A of the Act. 4. The Ld. Counsel for the assessee submitted that out of the alleged sum Rs. 5,50,000/- was the amount received against sale of agricultural land and the remaining of Rs. 2,60,000/- was also received on account of on-money receipt from sale of agricultural land. Reference was made to the copy of agreement to sale of agricultural land as well as regist....
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....above the actual amount mentioned in the registered sale deed. 7. The Revenue authorities has not disputed the fact that the income from sale of rural agricultural land not being a capital in the instant case is exempt from tax. It is also noticed that in the sale deed dated 18.05.2011 reference has been made for the consideration to be paid by cheque amounting to Rs. 4,60,000/- vide cheque No.....