Capital gain tax set aside as land not situated within municipal limits: ITAT Jodhpur

Shanaj Vs ITO (ITAT Jodhpur)

ITAT Jodhpur held that addition of income and capital gain tax levied thereon is liable to be set aside as land not situated within the municipal limits of Sardarsahar. Accordingly, appeal of the assessee allowed.

Facts- The present appeal is preferred by the assessee. It is mainly alleged that the Lower Authorities have grossly erred in taxing the sale of land even though the agricultural land is situated beyond the Municipal Limits. Also alleged that AO has grossly erred in not taking into consideration the Govt Notification da

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