https://www.taxtmi.com/caselaws?id=416652 The ITAT dismissed the appeal, upholding the orders of the CIT(A) and AO. The appellant's contentions regarding the correctness of the CIT(A)'s order, determination of sale proceeds, assessment of long-term capital gains, status determination, and treatment of agricultural land were not accepted. The ITAT affirmed the addition of long-term capital gains based on the sale price determined by the AO. The appellant's status as HUF and the classification of agricultural land as a capital asset were upheld. en-us Wed, 24 Nov 2021 00:00:00 +0530 Tue, 04 Jan 2022 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416652 The ITAT dismissed the appeal, upholding the orders of the CIT(A) and AO. The appellant's contentions regarding the correctness of the CIT(A)'s order, determination of sale proceeds, assessment of long-term capital gains, status determination, and treatment of agricultural land were not accepted. The ITAT affirmed the addition of long-term capital gains based on the sale price determined by the AO. The appellant's status as HUF and the classification of agricultural land as a capital asset were upheld. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416652