Competent authority not prescribed for measurement of distance between municipal limit and agricultural land

Rameshbhai Arvindbhai Patel Vs ITO (ITAT Ahmedabad) Facts- The assessee sold agricultural lands situated for total consideration of INR 10,30,200/-. The gain on sale of such agricultural lands amounting to INR 6,60,504/- was claimed as not taxable in the ROI under the head “Exempt Income” since the said agricultural lands at the time of sale were situated beyond 8 km from the local limits of Vadodara Municipal Corporation (VMC). During the course of assessment proceedings, the AO issued a notice as to why provisions of section 50C should not be applied to the sale of such lands, because as...