Agricultural land sale gains denied tax exemption as lands held as investment, not capital asset, u/s 2(14).

Agricultural land sale gains denied tax exemption as lands held as investment, not capital asset, u/s 2(14). https://www.taxtmi.com/highlights?id=26755 Gain arising on sale of agricultural land - exemption u/s 2(14) denied - assessee has held the impugned agricultural lands as investment only and not as stock in trade, and hence they cannot be categorized as “Capital asset” within the meaning of sec. 2(14) of the Act - AT en-us Sat, 02 Jan 2016 12:52:30 +0530 Sat, 02 Jan 2016 12:52:30 +0530 TaxTMI RSS Generator Agricultural land sale gains denied tax exemption as lands held as investment, not capital asset, u/s 2(14). https://www.taxtmi.com/highlights?id=26755 Gain arising on sale of agricultural land - exemption u/s 2(14) denied - assessee has held the impugned agricultural lands as investment only and not as stock in trade, and hence they cannot be categorized as “Capital asset” within the meaning of sec. 2(14) of the Act - AT Highlights Income Tax Sat, 02 Jan 2016 12:52:30 +0530 https://www.taxtmi.com/highlights?id=26755