https://www.taxtmi.com/caselaws?id=357491 The Tribunal dismissed the Revenue's appeal regarding the treatment of profit from the sale of agricultural land as short term capital gain, upholding the CIT(A)'s decision that the asset was situated beyond the 8 Km limit from municipal boundaries. However, the Tribunal partially allowed the Revenue's appeal concerning the deletion of deemed rent on property, reversing the CIT(A)'s decision and upholding the Assessing Officer's assessment of annual letting value for the two house properties under Section 23(4) of the Act. en-us Thu, 08 Mar 2018 00:00:00 +0530 Sat, 24 Mar 2018 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357491 The Tribunal dismissed the Revenue's appeal regarding the treatment of profit from the sale of agricultural land as short term capital gain, upholding the CIT(A)'s decision that the asset was situated beyond the 8 Km limit from municipal boundaries. However, the Tribunal partially allowed the Revenue's appeal concerning the deletion of deemed rent on property, reversing the CIT(A)'s decision and upholding the Assessing Officer's assessment of annual letting value for the two house properties under Section 23(4) of the Act. Case-Laws Income Tax Thu, 08 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357491