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Case Law Details

Case Name : Commissioner of Income tax Vs Madhukumar N. (HUF) (Karnataka High Court)
Related Assessment Year :
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HIGH COURT OF KARNATAKA

Commissioner of Income tax

V/s.

Madhukumar N. (HUF)

IT Appeal NO. 396 OF 2009

MARCH 29, 2012

JUDGMENTD.

V. Shylendra Kumar, J.

In this appeal under Sec

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0 Comments

  1. Parv says:

    Respected All,
    In our case the local limit is not determinable by normal course, but the population is >10000 it is agricultural land,
    How do we come to know whether the land is eligible for LTCG or not
    & how do we know about the notification issued by the government. form where we know it.
    Pls help

  2. RAJAGOPALAN.R says:

    The title given  is misleading.
    What the HC has held is only that agrl land, even if within 8 kms from a Municipal limit, is not a ‘capital asset’   unless the area is covered by the necessary Notification.

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