https://www.taxtmi.com/caselaws?id=61630 The Tribunal determined that the land in question was commercial, not agricultural, and therefore subject to capital gains tax. The enhanced compensation received was held taxable under Section 45(5)(b) of the Income-tax Act. The Tribunal set aside the CIT(A)'s decision and reinstated the AO's order, ruling in favor of the Revenue. en-us Wed, 08 Oct 2003 00:00:00 +0530 Thu, 13 Jan 2011 16:31:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61630 The Tribunal determined that the land in question was commercial, not agricultural, and therefore subject to capital gains tax. The enhanced compensation received was held taxable under Section 45(5)(b) of the Income-tax Act. The Tribunal set aside the CIT(A)'s decision and reinstated the AO's order, ruling in favor of the Revenue. Case-Laws Income Tax Wed, 08 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61630