https://www.taxtmi.com/caselaws?id=254856 The Tribunal allowed the Assessee's appeal, ruling that gains from the sale of agricultural land were exempt from capital gains tax. The Revenue's appeal was partly allowed, directing the Assessing Officer to accept the income returned by the Assessee. The Tribunal emphasized adherence to legal precedents and proper assessment procedures, cautioning against appealing settled matters. en-us Wed, 12 Nov 2014 00:00:00 +0530 Fri, 02 Jan 2015 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254856 The Tribunal allowed the Assessee's appeal, ruling that gains from the sale of agricultural land were exempt from capital gains tax. The Revenue's appeal was partly allowed, directing the Assessing Officer to accept the income returned by the Assessee. The Tribunal emphasized adherence to legal precedents and proper assessment procedures, cautioning against appealing settled matters. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254856