https://www.taxtmi.com/caselaws?id=177079 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision to delete the addition of Rs. 21,32,000 as business income from the sale of agricultural land. The judgment clarified that the transaction did not qualify as an adventure in the nature of trade or business, as the assessee's involvement was limited to selling the land without engaging in commercial development or trade activities. en-us Wed, 13 Nov 2013 00:00:00 +0530 Wed, 05 Oct 2016 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177079 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision to delete the addition of Rs. 21,32,000 as business income from the sale of agricultural land. The judgment clarified that the transaction did not qualify as an adventure in the nature of trade or business, as the assessee's involvement was limited to selling the land without engaging in commercial development or trade activities. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177079