https://www.taxtmi.com/caselaws?id=23234 Capital gains tax was held to be exigible on the sale of agricultural land where the binding Bench view of the Kerala High Court had already taken that contrary position. Although the assessee relied on the character of the land as agricultural and on an earlier Bombay High Court view, the Court followed its own binding precedent and treated the transfer as taxable under capital gains law. The issue was answered in the negative for the assessee and in favour of the Revenue. en-us Tue, 13 Jun 1989 00:00:00 +0530 Thu, 17 Dec 2009 16:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23234 Capital gains tax was held to be exigible on the sale of agricultural land where the binding Bench view of the Kerala High Court had already taken that contrary position. Although the assessee relied on the character of the land as agricultural and on an earlier Bombay High Court view, the Court followed its own binding precedent and treated the transfer as taxable under capital gains law. The issue was answered in the negative for the assessee and in favour of the Revenue. Case-Laws Income Tax Tue, 13 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23234