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Agricultural Land Outside Municipal Limits Not a Capital Asset; Section 153C Proceedings Invalid Without Incriminating Material
Case Law Details
- Case Name
- Superb Infotech Pvt. Ltd. Vs DCIT (Rajasthan High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Rajasthan High Court
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Superb Infotech Pvt. Ltd. Vs DCIT (Rajasthan High Court)
Section 153C proceedings quashed by High Court due to absence of incriminating material; Income from sale of rural agricultural land held not chargeable as business income.
Facts:
The present Income Tax Appeal was filed under Section 260A(1) of the Income Tax Act, 1961 by Superb Infotech Pvt. Ltd. against the order dated 06.12.2018 passed by the Income Tax Appellate Tribunal, Jaipur Bench, whereby the Tribunal rejected the appeal of the appellant company for Assessment Year 2007–08 and upheld the action of the Assessing Officer in is...
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