https://www.taxtmi.com/caselaws?id=357645 The Tribunal allowed the appeal, ruling that the land in question was agricultural and not a capital asset for capital gains tax assessment. The decision emphasized the significance of considering factors such as revenue records and actual land use in determining tax implications. The appellant successfully proved the agricultural nature of the land through documentary evidence, leading to the dismissal of the addition of income under the capital gains category. en-us Thu, 22 Mar 2018 00:00:00 +0530 Tue, 27 Mar 2018 09:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357645 The Tribunal allowed the appeal, ruling that the land in question was agricultural and not a capital asset for capital gains tax assessment. The decision emphasized the significance of considering factors such as revenue records and actual land use in determining tax implications. The appellant successfully proved the agricultural nature of the land through documentary evidence, leading to the dismissal of the addition of income under the capital gains category. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357645