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2013 (9) TMI 1077 - HC - Income TaxIncome from undisclosed sources - undisclosed bank account - Claim allowed in favour of assessee as relyin on CIT v. Rajshibhai Meramanbhai Odedara 2013 (5) TMI 884 - GUJARAT HIGH COURT] Treatment to land in question - as agricultural land and/or capital asset - Held that:- When the land in question was an agricultural land, which was situated beyond 8 Kms from the municipal limits, no error has been committed by the learned tribunal in not considering the land in question as "capital asset". We see no reason to interfere with the impugned judgment and order passed by the learned Tribunal in dismissing the appeal preferred by the revenue and confirming the order passed by the CIT(A) deleting addition on account of long term capital gain and on account of short term gain.
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