HC slams AO for making additions without finding fact that whether transferred asset was a capital asset

INCOME TAX : Where Assessing Officer made addition on account of capital gain arose to assessee on transfer of land under a joint development agreement (JDA), since there was no application of mind by Assessing Officer as to fact that whether subject land was a capital asset under section 2(15)(iii)(a) or (b) and whether there was 'transfer' of land by assessee under said JDA under section 2(47), impugned addition made by Assessing Officer to income of assessee was to be set aside

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