TMI BlogCapital gain - nature of land sold - capital asset v/s agricultural land - whether the agricultural land...Capital gain - nature of land sold - capital asset v/s agricultural land - whether the agricultural land sold by the assessee or his HUF is a ‘capital asset’? - land sold by the assessee is situated approximately 5.5 km from the municipal limits - Definitely the property is not situated within 5 km of the municipality limits of that particular region. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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