https://www.taxtmi.com/caselaws?id=195027 The Tribunal rejected the assessee's claim for exemption on profit from the sale of agricultural land, ruling that the land ceased to be agricultural after conversion into residential plots for commercial purposes, making it taxable. Additionally, the Tribunal dismissed the appeal regarding the addition made under section 14A of the Income Tax Act as the assessee did not press the ground during the hearing. Consequently, both appeals filed by the assessee were dismissed, upholding the decisions of the lower authorities. en-us Wed, 01 Jun 2016 00:00:00 +0530 Thu, 12 Oct 2017 08:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195027 The Tribunal rejected the assessee's claim for exemption on profit from the sale of agricultural land, ruling that the land ceased to be agricultural after conversion into residential plots for commercial purposes, making it taxable. Additionally, the Tribunal dismissed the appeal regarding the addition made under section 14A of the Income Tax Act as the assessee did not press the ground during the hearing. Consequently, both appeals filed by the assessee were dismissed, upholding the decisions of the lower authorities. Case-Laws Income Tax Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195027