1993 (9) TMI 10 - SC - Income Tax

Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the land in question admeasuring 30,885 sq. yards excluding 2,607 sq. yards, which was admittedly non-agricultural land, was an agricultural land within the meaning of section 2(14) of the Income-tax Act, 1961, and, therefore, on the sale thereof, tax on capital gains resulting therefrom was not leviable