https://www.taxtmi.com/caselaws?id=420945 The Tribunal allowed the appeal for statistical purposes, emphasizing the necessity of precise distance measurement from municipal limits to ascertain the classification of land as a capital asset or agricultural land. The judgment underscored the significance of adhering to legal provisions, circulars, and judicial precedents in tax assessments related to land transactions. en-us Thu, 31 Mar 2022 00:00:00 +0530 Thu, 14 Apr 2022 08:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420945 The Tribunal allowed the appeal for statistical purposes, emphasizing the necessity of precise distance measurement from municipal limits to ascertain the classification of land as a capital asset or agricultural land. The judgment underscored the significance of adhering to legal provisions, circulars, and judicial precedents in tax assessments related to land transactions. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420945