Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (4) TMI 611 - AT - Income TaxCapital gain on sale of land - Nature of land - whether sold land is a 'capital asset' or 'agricultural land'? - whether land within area of 8 Kms from the municipal limits of Bhavnagar, is not considered 'agricultural land' for the purpose of Section 2(14)? - HELD THAT:- We are of the confirmed view that distance cannot be measured on the basis of Goggle Map. As in the present case, AO has measured the distance with the help of Goggle Map, therefore, we set aside this matter to the file of the AO to measure the distance of the land from the outer limit of Bhavnagar Municipality without political/jurisdictional map as in the relevant assessment year when assessee claimed benefit of agricultural land. Thereafter, AO shall decide the matter as per law. Appeal filed by the Assessee is allowed for statistical purposes.
|