https://www.taxtmi.com/caselaws?id=219581 The Tribunal upheld the CIT(A)'s decision, confirming that the sale proceeds of land were rightfully treated as agricultural income rather than business profit. The Tribunal found the land to be agricultural, located beyond municipal limits, supported by evidence from Tehsildars and Surveyors. Additionally, the Tribunal agreed with the CIT(A) in deleting the addition of Rs.40,000 as undisclosed income, as the assessee provided credible evidence of agricultural activities on the land. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision. en-us Wed, 18 Jul 2012 00:00:00 +0530 Wed, 07 Nov 2012 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219581 The Tribunal upheld the CIT(A)'s decision, confirming that the sale proceeds of land were rightfully treated as agricultural income rather than business profit. The Tribunal found the land to be agricultural, located beyond municipal limits, supported by evidence from Tehsildars and Surveyors. Additionally, the Tribunal agreed with the CIT(A) in deleting the addition of Rs.40,000 as undisclosed income, as the assessee provided credible evidence of agricultural activities on the land. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219581