https://www.taxtmi.com/caselaws?id=338752 SC dismissed the special leave petition and upheld reopening of assessment, denying exemption from capital gains treatment for alleged agricultural land. The court found strong evidence that the taxpayer produced a document of doubtful genuineness-specifically the Executive Engineer's certificate purportedly locating the land beyond the municipal limit-which the taxpayer had relied on. Due to serious doubts about the certificate's authenticity, the exemption was refused and the assessment decision was affirmed against the taxpayer. en-us Fri, 03 Feb 2017 00:00:00 +0530 Wed, 15 Oct 2025 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338752 SC dismissed the special leave petition and upheld reopening of assessment, denying exemption from capital gains treatment for alleged agricultural land. The court found strong evidence that the taxpayer produced a document of doubtful genuineness-specifically the Executive Engineer's certificate purportedly locating the land beyond the municipal limit-which the taxpayer had relied on. Due to serious doubts about the certificate's authenticity, the exemption was refused and the assessment decision was affirmed against the taxpayer. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338752