ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayer’s Non-Agricultural Land Sale [Read Order]
CIT(A) in confirming the addition of Rs. 1,45,60,000/- as short-term capital gain, arising out of the transfer of non-agricultural land by the appellant assessee
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed an Income tax addition of Rs. 1.45 crore as short-term capital gain from the taxpayer’s sale of non-agricultural land. The assessee Dhan Bahadur Gagan Chand filed his return of income for A.Y. 2016-17 on 29.07.2016 declaring his total income as ₹26,33,430/-. The…
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