Rural Agricultural Land Case Restored; No Dismissal for Non-Prosecution; Capital Gain Remand – ITAT Pune

Narottam Atmaram Warde Vs ITO (ITAT Pune) ITAT Pune Restores Rural Agricultural Land Case – CIT(A) Cannot Dismiss Appeal for Non-Prosecution; Capital Gain Issue Remand In Narottam Atmaram Warde vs ITO (AY 2012-13), the ITAT Pune condoned a 413-day delay and allowed the assessee’s appeal for statistical purposes by setting aside the CIT(A)’s order. The dispute involved taxation of ₹19.02 lakh as capital gains on sale of land, where the assessee claimed the property was rural agricultural land outside the definition of “capital asset” u/s 2(14). The Tribunal observed that CIT(A) ...