Selling of agricultural land to non-agriculturist remains agricultural land only and could not be classified as Capital Assets

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 incom

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