Profit on sale of Agricultural Land -Business Income or Capital Gain?

Profit on sale of Agricultural Land not taxable as Business Income unless proved that Assessee is engaged in trading of the same ITAT NAGPUR e-BENCH Assistant Commissioner of Income-tax, Circle-1 versus Bhopindersingh R. Arneja IT Appeal No. 166 (Nag.) of 2012 [ASSESSMENT YEAR 2007-08] FEBRUARY 15, 2013 ORDER Rajendra, Accountant Member Challenging the order date 24-05-2010 of CIT(A)-I, Nagpur, Assessing Officer (AO) has filed the following Grounds of Appeal: 1. On the facts and in the circumstances of the case, it is prayed that delay in filing the appeal may be condoned on ...