https://www.taxtmi.com/caselaws?id=440132 The Tribunal upheld the decision of the CIT(A) and dismissed the appeal. The deduction of interest claimed against capital gains was denied as it was not related to the sale of the asset. Additionally, the classification of agricultural land as a capital asset beyond two kilometers from municipal limits was not considered a valid issue for appeal, as the assessee had already offered LTCG in the return of income. en-us Fri, 07 Jul 2023 00:00:00 +0530 Tue, 11 Jul 2023 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440132 The Tribunal upheld the decision of the CIT(A) and dismissed the appeal. The deduction of interest claimed against capital gains was denied as it was not related to the sale of the asset. Additionally, the classification of agricultural land as a capital asset beyond two kilometers from municipal limits was not considered a valid issue for appeal, as the assessee had already offered LTCG in the return of income. Case-Laws Income Tax Fri, 07 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440132