https://www.taxtmi.com/caselaws?id=405259 The Tribunal allowed the appeal, directing the AO to delete the additions made towards the profit from the sale of land as income from business or profession. The order emphasized that the land's agricultural nature and the assessee's intention for agricultural use were adequately proven, and the subsequent commercial use by the purchaser was deemed irrelevant for tax purposes. en-us Wed, 10 Mar 2021 00:00:00 +0530 Tue, 16 Mar 2021 08:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405259 The Tribunal allowed the appeal, directing the AO to delete the additions made towards the profit from the sale of land as income from business or profession. The order emphasized that the land's agricultural nature and the assessee's intention for agricultural use were adequately proven, and the subsequent commercial use by the purchaser was deemed irrelevant for tax purposes. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405259