https://www.taxtmi.com/caselaws?id=281919 Questions concerning tax treatment of compensation for compulsory acquisition of agricultural land, the character of such land as stock-in-trade or capital asset, assessability of income from part of a property under the head "Property", related repair and depreciation claims, and taxability of profit on sale of agricultural lands were addressed by applying the Delhi High Court's earlier decision in the assessee's own case on materially identical facts. The reference was disposed of by following that precedent. The question on profit from sale of agricultural lands was treated as closely linked to the character of the land and became academic, so it was not separately answered. en-us Mon, 16 Jul 2001 00:00:00 +0530 Fri, 12 Jul 2019 18:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281919 Questions concerning tax treatment of compensation for compulsory acquisition of agricultural land, the character of such land as stock-in-trade or capital asset, assessability of income from part of a property under the head "Property", related repair and depreciation claims, and taxability of profit on sale of agricultural lands were addressed by applying the Delhi High Court's earlier decision in the assessee's own case on materially identical facts. The reference was disposed of by following that precedent. The question on profit from sale of agricultural lands was treated as closely linked to the character of the land and became academic, so it was not separately answered. Case-Laws Income Tax Mon, 16 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281919