https://www.taxtmi.com/caselaws?id=283673 The Tribunal upheld the CIT (A) decision, dismissing Revenue's appeal and affirming the characterization of income from land sale as capital gains for A.Y 2005-06. The Tribunal emphasized the absence of business intent, long-term agricultural use of the land, and reinvestment in non-business avenues, aligning with a prior decision for A.Y 2006-07. en-us Fri, 24 Apr 2015 00:00:00 +0530 Sun, 06 Oct 2019 11:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283673 The Tribunal upheld the CIT (A) decision, dismissing Revenue's appeal and affirming the characterization of income from land sale as capital gains for A.Y 2005-06. The Tribunal emphasized the absence of business intent, long-term agricultural use of the land, and reinvestment in non-business avenues, aligning with a prior decision for A.Y 2006-07. Case-Laws Income Tax Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283673