https://www.taxtmi.com/caselaws?id=248099 Land sold was treated as agricultural land, and therefore it did not fall within the definition of a capital asset. The differing views among the Members were resolved in favour of the view that the land was agricultural in nature, so the issue was decided in favour of the assessee. en-us Tue, 13 May 2014 00:00:00 +0530 Mon, 02 Jun 2014 10:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248099 Land sold was treated as agricultural land, and therefore it did not fall within the definition of a capital asset. The differing views among the Members were resolved in favour of the view that the land was agricultural in nature, so the issue was decided in favour of the assessee. Case-Laws Income Tax Tue, 13 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248099