https://www.taxtmi.com/caselaws?id=302437 The ITAT Mumbai allowed both appeals for statistical purposes, emphasizing the significance of precise distance measurement and adherence to relevant circulars in assessing the tax implications of agricultural land sales. The ITAT directed the restoration of matters to the Assessing Officer for reevaluation, focusing on verifying the distance based on the competent authority's certificate and CBDT Circular no.17 of 2015 to ensure a fair opportunity for the assessee to present their case. en-us Wed, 08 Mar 2017 00:00:00 +0530 Thu, 26 May 2022 20:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302437 The ITAT Mumbai allowed both appeals for statistical purposes, emphasizing the significance of precise distance measurement and adherence to relevant circulars in assessing the tax implications of agricultural land sales. The ITAT directed the restoration of matters to the Assessing Officer for reevaluation, focusing on verifying the distance based on the competent authority's certificate and CBDT Circular no.17 of 2015 to ensure a fair opportunity for the assessee to present their case. Case-Laws Income Tax Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302437