Agricultural Land Sale Considered Capital Asset u/s 2(14) of Income Tax Act; Buyer Intent Irrelevant for Tax Classification.

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....Capital Gains - sale of agricultural land - scope of capital asset u/s 2(14) - the land was sold as an agricultural land and in fact, what was sold was agriculture land. What was the intention of the purchaser cannot be the determinative factor to treat the profit earned by the assessee on sale of agriculture land as business income.....