https://www.taxtmi.com/caselaws?id=444831 The Tribunal ruled in favor of the assessee, setting aside the order of the PCIT regarding the legality of the order u/s 263. It found that the AO had conducted necessary enquiries into the nature and distance of the agricultural land and accepted the Tehsildar's certificate as valid. The Tribunal determined that the land was agricultural and beyond the municipal limit, thus exempting the capital gain and sale of mud as agricultural income. The appeal was allowed, emphasizing the importance of due process and proper assessment procedures. en-us Thu, 12 Oct 2023 00:00:00 +0530 Wed, 25 Oct 2023 09:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444831 The Tribunal ruled in favor of the assessee, setting aside the order of the PCIT regarding the legality of the order u/s 263. It found that the AO had conducted necessary enquiries into the nature and distance of the agricultural land and accepted the Tehsildar's certificate as valid. The Tribunal determined that the land was agricultural and beyond the municipal limit, thus exempting the capital gain and sale of mud as agricultural income. The appeal was allowed, emphasizing the importance of due process and proper assessment procedures. Case-Laws Income Tax Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444831