TMI BlogNature of land sold appurtenant to the bungalow - whether agricultural land within the meaning of...Nature of land sold appurtenant to the bungalow - whether agricultural land within the meaning of Section 2(14)(a)(iii) of the Act and hence, its sale proceeds are exempt from tax’ ? - Department in the case of other two co-owners of the land has accepted their respective return of income wherein, the said co-owners have declared their respective share of income from sale of same agricultural land (as that of present assesse) as exempt. The Department cannot have two divergent views in case of t..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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