https://www.taxtmi.com/caselaws?id=456746 The HC determined that the land sold by the assessee was agricultural and thus exempt from capital gains tax. The land retained its agricultural status despite the application for permission under Section 63 of the Bombay Tenancy and Agricultural Lands Act. The court ruled in favor of the assessee, ordering the Commissioner to cover the reference costs. en-us Tue, 22 Sep 1981 00:00:00 +0530 Mon, 12 Aug 2024 16:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456746 The HC determined that the land sold by the assessee was agricultural and thus exempt from capital gains tax. The land retained its agricultural status despite the application for permission under Section 63 of the Bombay Tenancy and Agricultural Lands Act. The court ruled in favor of the assessee, ordering the Commissioner to cover the reference costs. Case-Laws Income Tax Tue, 22 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456746