https://www.taxtmi.com/caselaws?id=381362 The High Court analyzed the interpretation of Sections 10(37) and 145A of the Income Tax Act. The court allowed the appeal in part, remanding the case for re-assessment by the Assessing Officer to consider the application of the mentioned sections. The judgment emphasized the need for proper compliance with the law and established principles of income computation, particularly focusing on exempting income from capital gains arising from the transfer of agricultural land under Section 10(37). en-us Mon, 15 Apr 2019 00:00:00 +0530 Mon, 10 Jun 2019 06:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381362 The High Court analyzed the interpretation of Sections 10(37) and 145A of the Income Tax Act. The court allowed the appeal in part, remanding the case for re-assessment by the Assessing Officer to consider the application of the mentioned sections. The judgment emphasized the need for proper compliance with the law and established principles of income computation, particularly focusing on exempting income from capital gains arising from the transfer of agricultural land under Section 10(37). Case-Laws Income Tax Mon, 15 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381362