Supreme Court Sets Aside Orders, High Court to Address Taxing Capital Gains

The Supreme Court allowed the appeal, setting aside the orders under appeal. The High Court is tasked with addressing the issue of taxing capital gains from the sale of agricultural land. The Tribunal is instructed to refer the question to the High Court for further consideration.

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The Supreme Court allowed the appeal and set aside the orders under appeal. The High Court must consider the question regarding the taxation of capital gains from the sale of agricultural land. The Tribunal is directed to refer the question to the High Court.

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