https://www.taxtmi.com/caselaws?id=393328 The High Court dismissed the revenue's appeal, affirming the Tribunal's decision that the land sold by the assessee was agricultural and not a capital asset, thus exempt from tax. The Court emphasized the conjunctive reading of the conditions under Section 2(14)(iii)(a) and upheld the factual findings regarding the population and municipal jurisdiction. The appeal was dismissed with no order as to costs. en-us Tue, 04 Feb 2020 00:00:00 +0530 Wed, 19 Aug 2020 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393328 The High Court dismissed the revenue's appeal, affirming the Tribunal's decision that the land sold by the assessee was agricultural and not a capital asset, thus exempt from tax. The Court emphasized the conjunctive reading of the conditions under Section 2(14)(iii)(a) and upheld the factual findings regarding the population and municipal jurisdiction. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393328