Tax Authority Examines Plot Sales: Organized Efforts Suggest Business Activity, Not Just Agricultural Land Sales Under Investigation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Gain arising on sale of plots - agricultural land - The continued organized efforts of the assessee and the value addition to the agricultural land is sufficient proof of the intention of the assessee to venture into trading activity in land - AT....