https://www.taxtmi.com/caselaws?id=789569 Land sold by the assessee was examined for whether it qualified as agricultural land outside the definition of a capital asset under section 2(14) of the Income-tax Act, with distance from municipal limits being the critical factor. Additional evidence, including a Talati certificate, was admitted, but the Revenue had not had an opportunity to test that material. As the existing record was insufficient for a conclusive finding on the land's character and taxability, verification by the Assessing Officer was required. The matter was remanded for fresh examination of the additional evidence and a decision in accordance with law. en-us Wed, 11 Mar 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789569 Land sold by the assessee was examined for whether it qualified as agricultural land outside the definition of a capital asset under section 2(14) of the Income-tax Act, with distance from municipal limits being the critical factor. Additional evidence, including a Talati certificate, was admitted, but the Revenue had not had an opportunity to test that material. As the existing record was insufficient for a conclusive finding on the land's character and taxability, verification by the Assessing Officer was required. The matter was remanded for fresh examination of the additional evidence and a decision in accordance with law. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789569