https://www.taxtmi.com/caselaws?id=757597 Gujarat HC remanded the matter to the Tribunal to determine whether land at Motera qualifies as agricultural land under section 2(14) of the Act for exemption under section 54B. The Tribunal had failed to consider the nature of the land in question when deciding if it falls within the definition of capital asset. The court directed the Tribunal to specifically examine whether the transferred land meets the agricultural land criteria as defined in the statutory provisions. en-us Tue, 27 Feb 2024 00:00:00 +0530 Thu, 29 Aug 2024 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757597 Gujarat HC remanded the matter to the Tribunal to determine whether land at Motera qualifies as agricultural land under section 2(14) of the Act for exemption under section 54B. The Tribunal had failed to consider the nature of the land in question when deciding if it falls within the definition of capital asset. The court directed the Tribunal to specifically examine whether the transferred land meets the agricultural land criteria as defined in the statutory provisions. Case-Laws Income Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757597