Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1987 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1987 (10) TMI 78 - ITAT AHMEDABAD-CExtract: .......strated. Even if the transaction had materialised the interest payments would have capitalised the value of the land acquired and income therefrom would have been exempted income being agricultural income. We thus find ourselves in full agreement with the views of the ITO. 13. In any event we find no substance in this appeal and reject it outright.
|