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of <h1>Income Tax Clarification: Measure Land Distance by Shortest Road for Pre-2014 Assessments, Says Bombay High Court.</h1> The circular addresses the method of measuring the distance for determining whether agricultural land falls under the definition of a capital asset under section 2(14)(iii)(b) of the Income-tax Act for periods before the 2014-15 assessment year. The 2013 amendment specified that distance should be measured aerially, applicable from the 2014-15 assessment year onward. However, for prior periods, the Bombay High Court ruled that the shortest road distance should be used. This decision is now accepted, and the Department will not file or pursue appeals on this issue. Officers are instructed to withdraw any existing appeals on this matter.
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