https://www.taxtmi.com/caselaws?id=280139 The Tribunal upheld the CIT(A)'s decision that the income from the sale of land should be treated as Long Term Capital Gain (LTCG) due to the land being held as an investment for over 20 years. This entitled the assessee to indexation benefits and the concessional tax rate under Section 112. The Tribunal emphasized the consistency in treating the land as an investment in previous assessments and dismissed the Revenue's appeal. en-us Wed, 16 Dec 2015 00:00:00 +0530 Tue, 23 Apr 2019 06:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280139 The Tribunal upheld the CIT(A)'s decision that the income from the sale of land should be treated as Long Term Capital Gain (LTCG) due to the land being held as an investment for over 20 years. This entitled the assessee to indexation benefits and the concessional tax rate under Section 112. The Tribunal emphasized the consistency in treating the land as an investment in previous assessments and dismissed the Revenue's appeal. Case-Laws Income Tax Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280139