https://www.taxtmi.com/caselaws?id=212532 The Tribunal allowed eight appeals, with ITA Nos. 1268 to 1271/Hyd/2011 fully allowed and the other four partly allowed for statistical purposes. The Tribunal accepted the assessee's agricultural income declaration, treated the land as a capital asset for assessing long-term capital gains, and remanded the Section 54B exemption claim for verification. The charging of interest under Sections 234B and 234C was upheld as mandatory. en-us Wed, 16 Nov 2011 00:00:00 +0530 Wed, 21 Nov 2012 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212532 The Tribunal allowed eight appeals, with ITA Nos. 1268 to 1271/Hyd/2011 fully allowed and the other four partly allowed for statistical purposes. The Tribunal accepted the assessee's agricultural income declaration, treated the land as a capital asset for assessing long-term capital gains, and remanded the Section 54B exemption claim for verification. The charging of interest under Sections 234B and 234C was upheld as mandatory. Case-Laws Income Tax Wed, 16 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212532