https://www.taxtmi.com/caselaws?id=776837 ITAT DEHRADUN held the land, though claimed as agricultural, formed part of an industrial estate and therefore qualified as a capital asset under s.2(14). The Tribunal found lower authorities had assessed the appellant's entire share of sale consideration without considering cost of acquisition or indexation under s.49; it remitted computation of long-term capital gains to the AO for fresh adjudication, allowing three effective hearings. The appeal was partly allowed for statistical purposes. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776837 ITAT DEHRADUN held the land, though claimed as agricultural, formed part of an industrial estate and therefore qualified as a capital asset under s.2(14). The Tribunal found lower authorities had assessed the appellant's entire share of sale consideration without considering cost of acquisition or indexation under s.49; it remitted computation of long-term capital gains to the AO for fresh adjudication, allowing three effective hearings. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776837