Facts of the case, in brief, are that the appellant sold agricultural
land to M/s Golden Bricks Infrastructure Pvt. Ltd., on which long
term capital gains was assessed at ₹ 66,66,284/- and which was
finally determined at ₹ 36,66,284/- by the CIT (Appeals), Raipur,
deleting addition of ₹ 30,00,000/-. The ITAT, Raipur Bench has
upheld the determination of long term capital gains at ₹
36,66,284/-. According to the appellant, out of the sale proceeds
of the assessee purchased agricultural lands as under :