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1984 (7) TMI 228
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.... arising from the transfer of the agricultural lands cannot be subjected to tax in view of the decision of the Bombay High Court in the case of Manubhai A. Sheth & Ors. vs. Nirgydkar, N. D. (Second ITO) & Anr. (1981) 22 CTR (Bom) 41 : (1981) 128 ITR 87 (Bom). It is not in dispute that the lands transferred were in fact agricultural lands. But the contention of the Revenue is that there are decisio....
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