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2017 (3) TMI 1311 - AT - Income TaxLong Term Capital Gain - nature of land - Held that:- Appellant had declared agricultural income in earlier years and the same has been accepted by the department also; Sale deed produced by the assessee clearly shows that the land sold is an agricultural land and Tehsildar certificate was also produced by the assessee confirming the fact that land is beyond 8 kms from the outer limit of Municipal Corporation. It is case where assessee has submitted all the information and evidences in support of its contention and these evidences also stand confirmed by the independent enquiry by the AO even in the remand proceedings and there is nothing adverse, hence, the action of the ld. CIT(A) in deleting the addition in dispute is correct one which does not need any interference on our part. Therefore, in the background of the aforesaid detailed discussions, we are of the view that Ld. CIT(A) has passed a well reasoned order, hence, we uphold the same. Accordingly, the grounds raised by the Revenue stands dismissed.
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