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2022 (10) TMI 228 - AT - Income TaxShort term capital gain on sale of agricultural land - Nature of land sold - Addition by treating the land as capital asset - whether land in fact is not an agricultural land and as such is not a capital asset as defined u/s.2(14) of IT Act - HELD THAT:- As in the present case apart from the purchase and sale deeds of conveyance and 7/12 extracts from land revenue records, no other evidence has been brought on record by the assessee of having cultivated the land or carrying any agricultural activity during the period when land was held by the assessee or period prior thereto or subsequent to its sale. Thus, respectfully following the aforesaid decision of coordinate bench of the Tribunal in Abhijit Subash Gaikwad [2015 (5) TMI 971 - ITAT PUNE] we find no infirmity in the impugned order passed by the learned CIT(A). Accordingly, grounds raised by the assessee are dismissed.
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