https://www.taxtmi.com/caselaws?id=285320 The Tribunal allowed the revenue's appeal, holding that the transactions were business activities, and the lands did not qualify as agricultural lands for tax exemption purposes. Consequently, the income from the sale was deemed taxable as business income, overturning the CIT(A)'s decision. en-us Tue, 06 Nov 2018 00:00:00 +0530 Wed, 08 Jan 2020 07:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285320 The Tribunal allowed the revenue's appeal, holding that the transactions were business activities, and the lands did not qualify as agricultural lands for tax exemption purposes. Consequently, the income from the sale was deemed taxable as business income, overturning the CIT(A)'s decision. Case-Laws Income Tax Tue, 06 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285320