Agricultural nature of land at time of sale determinative regardless of buyer’s intended use: ITAT Ahmedabad

JCIT Vs Rajeshkumar Shantilal Sanghvi (ITAT Ahmedabad)

ITAT Ahmedabad held that the agricultural nature of the land at the time of sale is determinative, regardless of the buyer’s intended use. Thus, land sold was agricultural land and hence doesn’t attract capital gain.

Facts- The case of the assessee wa

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