https://www.taxtmi.com/caselaws?id=11499 Rural agricultural land situated in the Union Territory of Delhi was held to fall within the definition of capital asset under section 2(14)(iii)(a) of the Income-tax Act, 1961. The Court applied its earlier ruling on the same provision and confirmed that capital gains arising from transfer of such rural agricultural land are chargeable to tax. The issue was answered in favour of the Revenue and against the assessees. en-us Wed, 14 May 2003 00:00:00 +0530 Tue, 11 Aug 2009 09:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11499 Rural agricultural land situated in the Union Territory of Delhi was held to fall within the definition of capital asset under section 2(14)(iii)(a) of the Income-tax Act, 1961. The Court applied its earlier ruling on the same provision and confirmed that capital gains arising from transfer of such rural agricultural land are chargeable to tax. The issue was answered in favour of the Revenue and against the assessees. Case-Laws Income Tax Wed, 14 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11499