https://www.taxtmi.com/caselaws?id=444144 The appellant successfully appealed the disallowance of deduction under section 10(37) of the Income Tax Act, resulting in the exclusion of Rs. 90,62,720 as long-term capital gain from the sale of agricultural land. The Tribunal overturned the Commissioner of Income Tax (Appeals) decision, granting the appellant's claim for exemption under section 10(37) based on evidence proving the land's agricultural use before acquisition. en-us Wed, 28 Jun 2023 00:00:00 +0530 Tue, 10 Oct 2023 08:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444144 The appellant successfully appealed the disallowance of deduction under section 10(37) of the Income Tax Act, resulting in the exclusion of Rs. 90,62,720 as long-term capital gain from the sale of agricultural land. The Tribunal overturned the Commissioner of Income Tax (Appeals) decision, granting the appellant's claim for exemption under section 10(37) based on evidence proving the land's agricultural use before acquisition. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444144