Nature of Land at Agreement Time Determines Agricultural or Industrial Classification

Chander Mani Sharma Vs ITO (ITAT Delhi)

Introduction: In a crucial legal development, the Income Tax Appellate Tribunal (ITAT) Delhi has directed the re-adjudication of the case involving Chander Mani Sharma and the Income Tax Officer (ITO). The case revolves around the nature of land sold and whether it qualifies as agricultural land or not. The ITAT’s decision underscores the significance of the sale deed in determining the status of the land.

Detailed Anal

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