https://www.taxtmi.com/caselaws?id=380974 The Revenue challenged the ITAT's decision granting relief to the Assessee on the addition of amount from the sale of agricultural land under the Income Tax Act. The Revenue contended that the land did not qualify as agricultural land. The appeal raised questions on the ITAT's decision and the evidence presented. During the hearing, it was acknowledged that the appeal did not meet the minimum tax effect requirement set by a circular, leading to the Revenue withdrawing the appeal. The Court dismissed the appeal based on the withdrawal request due to not meeting the minimum tax effect requirement. en-us Fri, 10 May 2019 00:00:00 +0530 Sat, 01 Jun 2019 07:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380974 The Revenue challenged the ITAT's decision granting relief to the Assessee on the addition of amount from the sale of agricultural land under the Income Tax Act. The Revenue contended that the land did not qualify as agricultural land. The appeal raised questions on the ITAT's decision and the evidence presented. During the hearing, it was acknowledged that the appeal did not meet the minimum tax effect requirement set by a circular, leading to the Revenue withdrawing the appeal. The Court dismissed the appeal based on the withdrawal request due to not meeting the minimum tax effect requirement. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380974