https://www.taxtmi.com/caselaws?id=257953 The Tribunal held that the land sold was agricultural and not a capital asset, as it was situated beyond specified municipal limits. Consequently, the profit from the sale was not taxable as capital gains. The appeal was allowed, and the decision was rendered on 11th March 2015. en-us Wed, 11 Mar 2015 00:00:00 +0530 Wed, 25 Mar 2015 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257953 The Tribunal held that the land sold was agricultural and not a capital asset, as it was situated beyond specified municipal limits. Consequently, the profit from the sale was not taxable as capital gains. The appeal was allowed, and the decision was rendered on 11th March 2015. Case-Laws Income Tax Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257953