https://www.taxtmi.com/caselaws?id=21937 Profit arising from the sale of agricultural land situated within municipal limits was held exigible to capital gains tax because binding Division Bench rulings of the same High Court had already treated such transfer as taxable. The contrary view relied on by the assessee was not accepted, and the Tribunal's conclusion was found inconsistent with those precedents. The referred question was answered against the assessee and in favour of the Revenue. en-us Fri, 03 Jan 1992 00:00:00 +0530 Fri, 04 Dec 2009 12:56:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21937 Profit arising from the sale of agricultural land situated within municipal limits was held exigible to capital gains tax because binding Division Bench rulings of the same High Court had already treated such transfer as taxable. The contrary view relied on by the assessee was not accepted, and the Tribunal's conclusion was found inconsistent with those precedents. The referred question was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Fri, 03 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21937