https://www.taxtmi.com/caselaws?id=407181 The Tribunal partially allowed the appeal, directing the matter to be referred back to the Assessing Officer to determine if the agricultural land falls under exceptions specified in the Act. The Tribunal granted the assessee liberty to apply for valuation of the land by the Departmental Valuation Officer if it falls within the definition of property under the Act. The decision emphasized the importance of a detailed examination by the Assessing Officer regarding the classification of the agricultural land and the application of relevant provisions. en-us Tue, 16 Mar 2021 00:00:00 +0530 Mon, 03 May 2021 08:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407181 The Tribunal partially allowed the appeal, directing the matter to be referred back to the Assessing Officer to determine if the agricultural land falls under exceptions specified in the Act. The Tribunal granted the assessee liberty to apply for valuation of the land by the Departmental Valuation Officer if it falls within the definition of property under the Act. The decision emphasized the importance of a detailed examination by the Assessing Officer regarding the classification of the agricultural land and the application of relevant provisions. Case-Laws Income Tax Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407181