https://www.taxtmi.com/caselaws?id=332657 The Tribunal upheld the CIT(A)'s decision that the gain from the sale of agricultural land was not taxable as it was situated beyond 8 KMs of the municipal limit. It remanded the issue of the disallowed F&O trading loss back to the AO for fresh investigation, allowing the assessee's appeal for statistical purposes due to lack of proper cross-verification by the AO. The Tribunal also condoned the delay in filing the appeal by the assessee. en-us Tue, 11 Aug 2015 00:00:00 +0530 Thu, 30 Jun 2022 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332657 The Tribunal upheld the CIT(A)'s decision that the gain from the sale of agricultural land was not taxable as it was situated beyond 8 KMs of the municipal limit. It remanded the issue of the disallowed F&O trading loss back to the AO for fresh investigation, allowing the assessee's appeal for statistical purposes due to lack of proper cross-verification by the AO. The Tribunal also condoned the delay in filing the appeal by the assessee. Case-Laws Income Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332657