Dismissing the appeal of the revenue the Tribunal held that gain arising from sale of agricultural Land was agricultural income hence cannot be added to book profit. (AY. 2016-17)
DCIT v. Motisons Buildtech (P.) Ltd. (2020) 182 ITD 72/ 205 TTJ 484 (Jaipur)(Trib.) DCIT v. Motisons Entertainment ( P) Ltd (2020) 182 ITD 72/ 205 TTJ 484 (Jaipur) (Trib.) DCIT v. Mitisons Global ( P) Ltd Ltd (2020) 182 ITD 72/ 205 TTJ 484 (Jaipur) (Trib.)
S. 115JB : Book profit-Profit on sale of Agricultural land-Cannot be added to book profit. [S. 2(IA)]