https://www.taxtmi.com/highlights?id=64992 Capital gain - Nature of land sold - capital asset or agricultural land - It is salutary principle of interpretation of law that a provision of law must be understood in its plain meaning and the effect should be given to each and every word employed therein. Therefore, the language employed in the Act and the Notification cannot be stretched to include the word 'aerial'. As per the Certificate of the Tahasildar produced before the Assessing Officer and PWD Engineer's Certificate produced before the CIT(A), the distance between the lands in question and BBMP is more than 8 kms. - HC en-us Fri, 05 Aug 2022 08:56:50 +0530 Fri, 05 Aug 2022 08:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64992 Capital gain - Nature of land sold - capital asset or agricultural land - It is salutary principle of interpretation of law that a provision of law must be understood in its plain meaning and the effect should be given to each and every word employed therein. Therefore, the language employed in the Act and the Notification cannot be stretched to include the word 'aerial'. As per the Certificate of the Tahasildar produced before the Assessing Officer and PWD Engineer's Certificate produced before the CIT(A), the distance between the lands in question and BBMP is more than 8 kms. - HC Highlights Income Tax Fri, 05 Aug 2022 08:56:50 +0530 https://www.taxtmi.com/highlights?id=64992