https://www.taxtmi.com/caselaws?id=66217 The appellate authority upheld the first appellate authority's decision, dismissing the departmental appeals. The surplus from the sale of the plots was not deemed an adventure in the nature of trade, and the lands were regarded as agricultural for tax purposes. The alternative argument to tax the income as business income was rejected due to insufficient supporting evidence on record. en-us Fri, 27 Jul 1984 00:00:00 +0530 Tue, 22 Feb 2011 15:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66217 The appellate authority upheld the first appellate authority's decision, dismissing the departmental appeals. The surplus from the sale of the plots was not deemed an adventure in the nature of trade, and the lands were regarded as agricultural for tax purposes. The alternative argument to tax the income as business income was rejected due to insufficient supporting evidence on record. Case-Laws Income Tax Fri, 27 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66217