https://www.taxtmi.com/caselaws?id=406780 An appellate authority may admit a fresh claim if it is supported by material on record, and land shown by revenue records, certification, electricity records and remand verification to be agricultural, and situated beyond the prescribed municipal distance, falls outside the definition of capital asset under section 2(14). The capital gains addition was therefore deleted. On the same factual basis, agricultural receipts could not be recharacterised as income from other sources, so the related addition was also deleted. The Revenue's appeal failed on both issues, and the relief granted to the assessee was sustained. en-us Wed, 07 Apr 2021 00:00:00 +0530 Fri, 23 Apr 2021 21:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406780 An appellate authority may admit a fresh claim if it is supported by material on record, and land shown by revenue records, certification, electricity records and remand verification to be agricultural, and situated beyond the prescribed municipal distance, falls outside the definition of capital asset under section 2(14). The capital gains addition was therefore deleted. On the same factual basis, agricultural receipts could not be recharacterised as income from other sources, so the related addition was also deleted. The Revenue's appeal failed on both issues, and the relief granted to the assessee was sustained. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406780