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1990 (7) TMI 5 - BOMBAY HIGH COURTExtract: .......be considered as agricultural land on the date of the sale. Capital gains arising from the sale of such land will, therefore not be excluded under section 2(14) of the Income-tax Act, 1961. In the premises, the question referred to us is answered in the negative and in favour of the Revenue. In the circumstances, there will be no order as to costs.
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