https://www.taxtmi.com/caselaws?id=388670 The Tribunal allowed the appeal for statistical purposes, remanding the issue back to the AO for verification of the appellant's claim that the sale consideration of Rs. 26,96,250/- from the sale of agricultural land should not be taxed. The AO was instructed to verify the documents and, if found correct, allow the claim. If the claim was not substantiated, the income should be treated as capital gains, not income from other sources. The recalculation of interest and other issues would depend on the outcome of this verification. en-us Wed, 30 Oct 2019 00:00:00 +0530 Wed, 20 Nov 2019 11:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388670 The Tribunal allowed the appeal for statistical purposes, remanding the issue back to the AO for verification of the appellant's claim that the sale consideration of Rs. 26,96,250/- from the sale of agricultural land should not be taxed. The AO was instructed to verify the documents and, if found correct, allow the claim. If the claim was not substantiated, the income should be treated as capital gains, not income from other sources. The recalculation of interest and other issues would depend on the outcome of this verification. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388670