https://www.taxtmi.com/caselaws?id=333027 The court upheld the Tribunal's decision that the land sold by the assessee qualified as agricultural land and was situated beyond 8 Kms from the municipal limits, exempting it from capital gains tax under Section 2(14) of the Income Tax Act. The court emphasized the importance of relying on certificates from state authorities over departmental reports and dismissed the appeal in favor of the assessee, with no costs awarded. en-us Wed, 17 Aug 2016 00:00:00 +0530 Sat, 13 May 2017 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333027 The court upheld the Tribunal's decision that the land sold by the assessee qualified as agricultural land and was situated beyond 8 Kms from the municipal limits, exempting it from capital gains tax under Section 2(14) of the Income Tax Act. The court emphasized the importance of relying on certificates from state authorities over departmental reports and dismissed the appeal in favor of the assessee, with no costs awarded. Case-Laws Income Tax Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333027