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2021 (5) TMI 506 - AT - Income TaxNature of land - Failure to treat "padat bhoomi" (barren land) as "non-agricultural land" - "agricultural land" OR "capital asset" within the meaning of section u/s.2(14) - HELD THAT:- We are of the opinion that the assessee is entitled for exemption u/s.2(14) of the Act as claimed by the assessee. Ld. DR also could not controvert the findings recorded by the CIT(A) in this regard by bring any cogent material on record. Accordingly, we do not see any good reason to interfere with the observations made by the CIT(A) deleting the addition made by the AO. Thus, we dismiss the grounds raised by the revenue. Consequently, appeal of the revenue is dismissed.
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