https://www.taxtmi.com/caselaws?id=402968 The Tribunal determined that the land sold by the assessee was agricultural land and not a capital asset, thereby not subject to capital gains tax. The appeal of the assessee was successful, leading to the deletion of the capital gains tax imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). en-us Wed, 13 Jan 2021 00:00:00 +0530 Sat, 16 Jan 2021 11:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402968 The Tribunal determined that the land sold by the assessee was agricultural land and not a capital asset, thereby not subject to capital gains tax. The appeal of the assessee was successful, leading to the deletion of the capital gains tax imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402968