https://www.taxtmi.com/caselaws?id=70897 The Tribunal ruled in favor of the Revenue, determining that the sale of agricultural land constituted a transfer of a capital asset, subjecting it to capital gains tax. Additionally, the Tribunal held that for exemption under section 54F of the IT Act, the investment must be in the assessee's name, not in the name of an adopted son. Consequently, the assessee's cross-objection was dismissed, affirming the AO's decision and denying the exemption claim. en-us Mon, 26 Nov 2001 00:00:00 +0530 Thu, 20 Jun 2013 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70897 The Tribunal ruled in favor of the Revenue, determining that the sale of agricultural land constituted a transfer of a capital asset, subjecting it to capital gains tax. Additionally, the Tribunal held that for exemption under section 54F of the IT Act, the investment must be in the assessee's name, not in the name of an adopted son. Consequently, the assessee's cross-objection was dismissed, affirming the AO's decision and denying the exemption claim. Case-Laws Income Tax Mon, 26 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70897