https://www.taxtmi.com/caselaws?id=261128 The High Court upheld the Tribunal's decision that the distance of agricultural land from the municipal limit should be measured by road, not the horizontal plane, for tax implications under section 2(14)(iii)(b) of the Income Tax Act. The Court dismissed the Department's appeal, as it failed to prove the land was within 8 kms of the municipal limit based on road distance, affirming the Tribunal's ruling and emphasizing the Punjab & Haryana High Court's precedent. en-us Thu, 08 Aug 2013 00:00:00 +0530 Fri, 03 Jul 2015 07:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261128 The High Court upheld the Tribunal's decision that the distance of agricultural land from the municipal limit should be measured by road, not the horizontal plane, for tax implications under section 2(14)(iii)(b) of the Income Tax Act. The Court dismissed the Department's appeal, as it failed to prove the land was within 8 kms of the municipal limit based on road distance, affirming the Tribunal's ruling and emphasizing the Punjab & Haryana High Court's precedent. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261128