https://www.taxtmi.com/caselaws?id=279706 The court ruled in favor of the Revenue regarding the classification of proceeds from the sale of agricultural land and rubber trees as agricultural income, rejecting the assessee's claim for exemption under Section 115JB. The court upheld the Tribunal's decision on various issues, including the treatment of long-term capital loss as a capital loss, allowing the set-off of gains and losses, and the deletion of certain additions made by the Assessing Officer. The appeals were partly allowed and partly dismissed, with specific matters remanded back to the Tribunal for further review. en-us Mon, 17 Sep 2018 00:00:00 +0530 Tue, 02 Apr 2019 07:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279706 The court ruled in favor of the Revenue regarding the classification of proceeds from the sale of agricultural land and rubber trees as agricultural income, rejecting the assessee's claim for exemption under Section 115JB. The court upheld the Tribunal's decision on various issues, including the treatment of long-term capital loss as a capital loss, allowing the set-off of gains and losses, and the deletion of certain additions made by the Assessing Officer. The appeals were partly allowed and partly dismissed, with specific matters remanded back to the Tribunal for further review. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279706