https://www.taxtmi.com/caselaws?id=261128 For determining whether agricultural land falls within the capital asset definition under Section 2(14)(iii)(b), the relevant distance from municipal limits is to be measured by road distance, not aerial or straight-line distance. The Court noted that the Department produced no contrary authority and did not show that the land was within 8 kilometres by road. As the Tribunal's remand concerned factual measurement and no substantial question of law was made out under Section 260A, interference was not warranted. 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 For determining whether agricultural land falls within the capital asset definition under Section 2(14)(iii)(b), the relevant distance from municipal limits is to be measured by road distance, not aerial or straight-line distance. The Court noted that the Department produced no contrary authority and did not show that the land was within 8 kilometres by road. As the Tribunal's remand concerned factual measurement and no substantial question of law was made out under Section 260A, interference was not warranted. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261128