https://www.taxtmi.com/caselaws?id=270461 The ITAT partly allowed the appeal, directing the AO to treat the gains as capital gains, based on the rule of consistency, and exempting the profit on the sale of agricultural land due to its classification as agricultural land. Ground No.4 was dismissed as not pressed. en-us Mon, 21 Dec 2015 00:00:00 +0530 Tue, 05 Jan 2016 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270461 The ITAT partly allowed the appeal, directing the AO to treat the gains as capital gains, based on the rule of consistency, and exempting the profit on the sale of agricultural land due to its classification as agricultural land. Ground No.4 was dismissed as not pressed. Case-Laws Income Tax Mon, 21 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270461