https://www.taxtmi.com/caselaws?id=423021 The Tribunal reviewed a case involving the revision of an assessment order by the Principal Commissioner of Income Tax, the qualification of land as agricultural for exemption from long term capital gains, and compliance with High Court directives. The Tribunal upheld the original assessment, finding the land in question to be agricultural based on evidence presented, including cultivation records and property descriptions. The Tribunal reversed the revision order, allowing the appeal of the assessee and emphasizing the importance of proper enquiry and verification in tax assessments. en-us Wed, 25 May 2022 00:00:00 +0530 Thu, 26 May 2022 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423021 The Tribunal reviewed a case involving the revision of an assessment order by the Principal Commissioner of Income Tax, the qualification of land as agricultural for exemption from long term capital gains, and compliance with High Court directives. The Tribunal upheld the original assessment, finding the land in question to be agricultural based on evidence presented, including cultivation records and property descriptions. The Tribunal reversed the revision order, allowing the appeal of the assessee and emphasizing the importance of proper enquiry and verification in tax assessments. Case-Laws Income Tax Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423021