https://www.taxtmi.com/caselaws?id=372786 The Tribunal partly allowed the assessee's appeal by dismissing the validity of initiating proceedings under section 147 of the Income Tax Act. Additionally, the Tribunal ruled in favor of the assessee regarding the addition of capital gains tax on the sale of agricultural land, noting that the land was rural agricultural land beyond 8 km from the outer limit of Ghaziabad Nagar Nigam and therefore not subject to taxation. The Tribunal emphasized that the correct measurement of distance should be from the municipal limit of Ghaziabad, resulting in the deletion of the tax addition. en-us Thu, 15 Nov 2018 00:00:00 +0530 Sat, 29 Dec 2018 11:33:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372786 The Tribunal partly allowed the assessee's appeal by dismissing the validity of initiating proceedings under section 147 of the Income Tax Act. Additionally, the Tribunal ruled in favor of the assessee regarding the addition of capital gains tax on the sale of agricultural land, noting that the land was rural agricultural land beyond 8 km from the outer limit of Ghaziabad Nagar Nigam and therefore not subject to taxation. The Tribunal emphasized that the correct measurement of distance should be from the municipal limit of Ghaziabad, resulting in the deletion of the tax addition. Case-Laws Income Tax Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372786