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Profit on sale of Agricultural Land -Business Income or Capital Gain?
Case Law Details
- Case Name
- ACIT Vs. Shri Bhopindersingh R. Arneja (ITAT Nagpur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007- 08
- Courts
- All ITAT, ITAT Nagpur
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Profit on sale of Agricultural Land not taxable as Business Income unless proved that Assessee is engaged in trading of the same
ITAT NAGPUR e-BENCH
Assistant Commissioner of Income-tax, Circle-1
versus
Bhopindersingh R. Arneja
IT Appeal No. 166 (Nag.) of 2012
[ASSESSMENT YEAR 2007-08]
FEBRUARY 15, 2013
ORDER
Rajendra, Accountant Member
Challenging the order date 24-05-2010 of CIT(A)-I, Nagpur, Assessing Officer (AO) has filed the following Grounds of Appeal:
1. On the facts and in the circumstances of the case, it is prayed that delay in filing the appeal may be condoned on ...
