https://www.taxtmi.com/highlights?id=6070 Capital Gain – Agricultural land purchase for commercial use - It was definitely a business asset held as such in the books of the assessee hence, loss on sale of such land would constitute a long term capital loss and would be eligible for carry forward for set off to future years. - AT en-us Tue, 20 Nov 2012 16:34:32 +0530 Tue, 20 Nov 2012 16:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=6070 Capital Gain – Agricultural land purchase for commercial use - It was definitely a business asset held as such in the books of the assessee hence, loss on sale of such land would constitute a long term capital loss and would be eligible for carry forward for set off to future years. - AT Highlights Income Tax Tue, 20 Nov 2012 16:34:32 +0530 https://www.taxtmi.com/highlights?id=6070