https://www.taxtmi.com/caselaws?id=71301 The Tribunal determined that the land in question was agricultural, as evidenced by its classification in revenue records and actual agricultural use, despite its inclusion in an industrial zone. Consequently, the gain from its sale was exempt from capital gains tax. The Tribunal deleted the addition of Rs. 15,12,525/- as capital gain by the AO, allowing the assessee's appeal. en-us Thu, 07 Sep 2006 00:00:00 +0530 Sat, 24 Feb 2024 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71301 The Tribunal determined that the land in question was agricultural, as evidenced by its classification in revenue records and actual agricultural use, despite its inclusion in an industrial zone. Consequently, the gain from its sale was exempt from capital gains tax. The Tribunal deleted the addition of Rs. 15,12,525/- as capital gain by the AO, allowing the assessee's appeal. Case-Laws Income Tax Thu, 07 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71301