Sponsored
    Follow Us:

Case Law Details

Case Name : ITO Vs Urmila Bharatbhushan Agarwal (ITAT Ahmedabad)
Related Assessment Year : 2017-18
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

ITO Vs Urmila Bharatbhushan Agarwal (ITAT Ahmedabad)

Conclusion: Where an agricultural land was sold to a non-agriculturist, the same did not loose its status as agricultural land and could not be classified as a capital assets.

Held: During the relevant year, assessee reported agricultural income after deducting agricultural expenses. The return was subjected to a complete scrutiny to verify the claim of exempt income related to capital gains/losses from the sale of lands. Assessee owned 34 bighas of agricultural land and had consistently r

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

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31