https://www.taxtmi.com/caselaws?id=782957 The ITAT (Pune Bench) upheld the assessment of long-term capital gains u/s 112 on sale of immovable property by the assessee, who had omitted such gains in the return filed u/s 139. The assessee's contention that the land constituted agricultural land not chargeable to capital gains was rejected. ITAT agreed with CIT(A)/NFAC that the assessee failed to furnish cogent, authenticated evidence of any agricultural activity and that the substantial price appreciation over four years indicated non-agricultural character. The order of the CIT(A)/NFAC was confirmed and the assessee's appeal dismissed. en-us Wed, 03 Dec 2025 00:00:00 +0530 Sat, 06 Dec 2025 08:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782957 The ITAT (Pune Bench) upheld the assessment of long-term capital gains u/s 112 on sale of immovable property by the assessee, who had omitted such gains in the return filed u/s 139. The assessee's contention that the land constituted agricultural land not chargeable to capital gains was rejected. ITAT agreed with CIT(A)/NFAC that the assessee failed to furnish cogent, authenticated evidence of any agricultural activity and that the substantial price appreciation over four years indicated non-agricultural character. The order of the CIT(A)/NFAC was confirmed and the assessee's appeal dismissed. Case-Laws Income Tax Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782957