https://www.taxtmi.com/caselaws?id=66039 The Tribunal ruled in favor of the assessee in a case concerning the levy of tax on capital gains from the sale of agricultural lands requisitioned by the Government for Defence Services in the 1940s and acquired in 1973. The Tribunal held that since the lands were originally agricultural and used for cultivation, no capital gains tax could be levied. Additionally, the Tribunal dismissed the department's appeal on including solatium in the assessment, as no capital gains were assessable due to the agricultural classification of the lands. en-us Tue, 28 Feb 1989 00:00:00 +0530 Mon, 21 Feb 2011 10:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66039 The Tribunal ruled in favor of the assessee in a case concerning the levy of tax on capital gains from the sale of agricultural lands requisitioned by the Government for Defence Services in the 1940s and acquired in 1973. The Tribunal held that since the lands were originally agricultural and used for cultivation, no capital gains tax could be levied. Additionally, the Tribunal dismissed the department's appeal on including solatium in the assessment, as no capital gains were assessable due to the agricultural classification of the lands. Case-Laws Income Tax Tue, 28 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66039