Measurement of the distance for the purpose of section 2(14)(iii)(b) of the Income-tax Act for the period prior to Assessment year 2014-15

Measurement of the distance for the purpose of section 2(14)(iii)(b) of the Income-tax Act for the period prior to Assessment year 2014-15 https://www.taxtmi.com/circulars?id=53938 For purposes of section 2(14)(iii)(b), the Finance Act 2013's aerial measurement rule applies prospectively; for periods before that amendment the Nagpur Bench held distance is to be measured by the shortest road distance between municipal limit and agricultural land. The CBDT has accepted this position and directed that no appeals be filed, and existing appeals on this issue be withdrawn or not pressed. en-us Tue, 06 Oct 2015 00:00:00 +0530 Wed, 07 Oct 2015 16:39:00 +0530 TaxTMI RSS Generator Measurement of the distance for the purpose of section 2(14)(iii)(b) of the Income-tax Act for the period prior to Assessment year 2014-15 https://www.taxtmi.com/circulars?id=53938 For purposes of section 2(14)(iii)(b), the Finance Act 2013's aerial measurement rule applies prospectively; for periods before that amendment the Nagpur Bench held distance is to be measured by the shortest road distance between municipal limit and agricultural land. The CBDT has accepted this position and directed that no appeals be filed, and existing appeals on this issue be withdrawn or not pressed. Circulars Income Tax Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53938