Profits from Sale of Agricultural Land Exempt from Tax as Per Income Tax Act Sections 2(1A)(a), 2(14)(iii), 10(1).

Profits from Sale of Agricultural Land Exempt from Tax as Per Income Tax Act Sections 2(1A)(a), 2(14)(iii), 10(1). https://www.taxtmi.com/highlights?id=29203 Assessee's gains were profits from sale of specified agricultural land which does not come within the definition of asset as prescribed under s. 2(14) and by virtue of s. 2(lA)(a) r/w s, 2(14)(iii) r/w s. 10(1) the assessee's gains from sale of such agricultural land are exempt income - AT en-us Mon, 16 May 2016 10:02:13 +0530 Mon, 16 May 2016 10:02:13 +0530 TaxTMI RSS Generator Profits from Sale of Agricultural Land Exempt from Tax as Per Income Tax Act Sections 2(1A)(a), 2(14)(iii), 10(1). https://www.taxtmi.com/highlights?id=29203 Assessee's gains were profits from sale of specified agricultural land which does not come within the definition of asset as prescribed under s. 2(14) and by virtue of s. 2(lA)(a) r/w s, 2(14)(iii) r/w s. 10(1) the assessee's gains from sale of such agricultural land are exempt income - AT Highlights Income Tax Mon, 16 May 2016 10:02:13 +0530 https://www.taxtmi.com/highlights?id=29203