https://www.taxtmi.com/caselaws?id=798948 Agricultural land situated outside specified municipal or cantonment limits and beyond the prescribed aerial distance is excluded from the definition of a capital asset. Population and distance certificates established that the land qualified as rural agricultural land beyond the statutory threshold. Its sale therefore did not give rise to taxable capital gains, and the related addition was deleted. en-us Wed, 12 Aug 2026 00:00:00 +0530 Tue, 15 Sep 2026 08:31:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798948 Agricultural land situated outside specified municipal or cantonment limits and beyond the prescribed aerial distance is excluded from the definition of a capital asset. Population and distance certificates established that the land qualified as rural agricultural land beyond the statutory threshold. Its sale therefore did not give rise to taxable capital gains, and the related addition was deleted. Case-Laws Income Tax Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798948