Land cannot be treated as agricultural if Sale Deed demonstrate the same as industrial land

Phool Singh Vs ITO (ITAT Delhi)

ITAT do not find any merit into the objection of the assessee that the land in question being agricultural land cannot be treated as capital asset. The sale-deed itself goes to demonstrate that what was being transferred was an industrial land. Therefore, there is no ambiguity on these facts. The objection of the assessee that land was an agricultural land is devoid of merit, hence, rejected.

FULL TEXT OF THE ORDER OF ITAT DELHI

This appeal, by the assesse

Please become a Premium member. If you are already a Premium member, login here to access the full content.