Reassessment u/s 147 finds agricultural land not a 'capital asset'; vague report inadmissible, taxpayer wins case.

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....Reopening of assessment u/s 147 - LTCG - Whether agricultural land not a ‘capital asset’? - the report itself contents vague observation and cannot be used as evidence or conclusive or expert report based of any scientific evidence against the assessee. Moreover, said report was not provided to the assessee. Thus, by applying of such test we find that the land of the assessee acquired by Special Land acquisition officer is agriculture land. - Additions deleted - AT....