https://www.taxtmi.com/caselaws?id=383856 The Tribunal upheld the addition of Rs. 2,42,91,150/- as long-term capital gain, dismissing the assessee's claim that the land was beyond municipal limits. However, the Tribunal allowed the deduction under Section 54B, recognizing the agricultural use of the land as indicated in the revenue records. The appeal was partly allowed, with the decision pronounced on 26.07.2019. en-us Fri, 26 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383856 The Tribunal upheld the addition of Rs. 2,42,91,150/- as long-term capital gain, dismissing the assessee's claim that the land was beyond municipal limits. However, the Tribunal allowed the deduction under Section 54B, recognizing the agricultural use of the land as indicated in the revenue records. The appeal was partly allowed, with the decision pronounced on 26.07.2019. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383856