https://www.taxtmi.com/caselaws?id=367799 The Tribunal allowed the Revenue's appeal for statistical purposes, setting aside the matter for the AO to reevaluate based on additional evidence and proper verification of the land's distance from municipal limits. The CIT(A)'s decision to treat the land as agricultural land was upheld, emphasizing that proximity to municipal limits should not alter its agricultural classification. The addition of income from the sale of land as business income was deleted, maintaining the land's agricultural nature. The Tribunal directed the AO to consider additional evidence presented by the assessee for a fair decision. Verification of the distance from municipal limits was deemed necessary for a conclusive determination. en-us Thu, 12 Jul 2018 00:00:00 +0530 Wed, 26 Sep 2018 08:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367799 The Tribunal allowed the Revenue's appeal for statistical purposes, setting aside the matter for the AO to reevaluate based on additional evidence and proper verification of the land's distance from municipal limits. The CIT(A)'s decision to treat the land as agricultural land was upheld, emphasizing that proximity to municipal limits should not alter its agricultural classification. The addition of income from the sale of land as business income was deleted, maintaining the land's agricultural nature. The Tribunal directed the AO to consider additional evidence presented by the assessee for a fair decision. Verification of the distance from municipal limits was deemed necessary for a conclusive determination. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367799