https://www.taxtmi.com/caselaws?id=17908 The High Court dismissed the Department's application regarding the taxation of surplus from the sale of agricultural land by the assessee as business income. The Tribunal found that the assessee was not engaged in a land business based on the evidence presented, concluding that the transactions did not constitute a business venture. The High Court upheld the Tribunal's decision, stating that it was based on factual findings and did not raise any legal questions, ultimately rejecting the Department's application without costs. en-us Fri, 22 Mar 1996 00:00:00 +0530 Fri, 25 Sep 2009 15:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17908 The High Court dismissed the Department's application regarding the taxation of surplus from the sale of agricultural land by the assessee as business income. The Tribunal found that the assessee was not engaged in a land business based on the evidence presented, concluding that the transactions did not constitute a business venture. The High Court upheld the Tribunal's decision, stating that it was based on factual findings and did not raise any legal questions, ultimately rejecting the Department's application without costs. Case-Laws Income Tax Fri, 22 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17908