https://www.taxtmi.com/caselaws?id=71442 The Tribunal ruled in favor of the assessee, determining that the capital gains from the sale of agricultural land were long term capital gains as the land was held for more than 36 months. Additionally, the Tribunal allowed relief under section 54B of the Income-tax Act, stating that investments made before the date of transfer should qualify for relief and emphasizing the importance of obtaining domain and control over the property within the specified period. The CIT(A)'s decision was overturned, and relief under section 54B was granted for the total investment in new agricultural lands. en-us Thu, 20 Feb 1992 00:00:00 +0530 Sat, 23 Apr 2011 14:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71442 The Tribunal ruled in favor of the assessee, determining that the capital gains from the sale of agricultural land were long term capital gains as the land was held for more than 36 months. Additionally, the Tribunal allowed relief under section 54B of the Income-tax Act, stating that investments made before the date of transfer should qualify for relief and emphasizing the importance of obtaining domain and control over the property within the specified period. The CIT(A)'s decision was overturned, and relief under section 54B was granted for the total investment in new agricultural lands. Case-Laws Income Tax Thu, 20 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71442