https://www.taxtmi.com/circulars?id=9197 Agricultural land situated in areas notified as within eight kilometres of municipal or cantonment local limits is included in the definition of capital asset, effective from 1 April 1970; transfers of such land effected after 1 April 1970 but before 6 February 1973 are not chargeable as capital gains because a later notification of 6 February 1973 is prospective, while transfers on or after 6 February 1973 are chargeable under the head Capital Gains. en-us Fri, 02 Jun 1978 00:00:00 +0530 Thu, 02 Jun 2011 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9197 Agricultural land situated in areas notified as within eight kilometres of municipal or cantonment local limits is included in the definition of capital asset, effective from 1 April 1970; transfers of such land effected after 1 April 1970 but before 6 February 1973 are not chargeable as capital gains because a later notification of 6 February 1973 is prospective, while transfers on or after 6 February 1973 are chargeable under the head Capital Gains. Circulars Income Tax Fri, 02 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9197