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2018 (2) TMI 268 - AT - Income TaxAddition on account of long term capital gain - whether the land sold by the appellant was a capital asset within the meaning of section 2(14) - sale of agricultural land - Held that:- The land in question is treated as agricultural land and the capital gains arising out of sale of agricultural land is entitled for exemption u/s.2(14) of the Act. Accordingly, we set aside the orders of the CIT(A) and direct the AO to delete the addition and allow the grounds of appeal in favour of the assessee.
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