https://www.taxtmi.com/caselaws?id=328466 The Tribunal upheld the CIT(A)'s decision that the land was agricultural, not subject to capital gains tax under section 2(14) of the Income Tax Act. It dismissed the Revenue's appeals and the assessees' cross-objections, stating no transfer of capital asset occurred, and the land maintained its agricultural status despite the Joint Development Agreement and conversion orders. en-us Fri, 27 May 2016 00:00:00 +0530 Sat, 04 Jun 2016 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328466 The Tribunal upheld the CIT(A)'s decision that the land was agricultural, not subject to capital gains tax under section 2(14) of the Income Tax Act. It dismissed the Revenue's appeals and the assessees' cross-objections, stating no transfer of capital asset occurred, and the land maintained its agricultural status despite the Joint Development Agreement and conversion orders. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328466