Agriculture land - capital asset u/s 2(14) - land is situated ...
Agricultural Land in Sujanpur Classified as "Capital Asset" Under Income Tax Act Section 2(14), Subject to Capital Gains Tax.
October 26, 2013
Case Laws Income Tax HC
Agriculture land - capital asset u/s 2(14) - land is situated within the municipal limits of Municipal Council, Sujanpur – Therefore, the asset is ‘Capital Asset’ – Liable to be taxed as capital gains - HC
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