https://www.taxtmi.com/caselaws?id=204097 The Tribunal determined that the agricultural land sold by the assessee did not meet the criteria to be classified as a capital asset under Section 2(14) of the Income Tax Act. The key considerations were the jurisdictional authority of Rajendra Nagar Municipality and the absence of notification by the Central Government. Consequently, the lower authorities' decisions were overturned, and the assessee's appeal was successful. en-us Fri, 23 Apr 2010 00:00:00 +0530 Mon, 13 Aug 2012 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204097 The Tribunal determined that the agricultural land sold by the assessee did not meet the criteria to be classified as a capital asset under Section 2(14) of the Income Tax Act. The key considerations were the jurisdictional authority of Rajendra Nagar Municipality and the absence of notification by the Central Government. Consequently, the lower authorities' decisions were overturned, and the assessee's appeal was successful. Case-Laws Income Tax Fri, 23 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204097