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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Once the Tribunal has accepted that the classification of lands ...

Income Tax

September 1, 2014

Once the Tribunal has accepted that the classification of lands as per the reveue records are agricultural lands, which are evidenced by the adangal and the letter of the Tahsildar and satisfies other conditions of Section 2(14) of the Income Tax Act, the Tribunal has misdirected itself. - HC

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  9. Deduction u/s 54B - assessee purchased agricultural land from the sale proceeds - the impugned land on which Ghas / Grass is shown as per revenue record was in the...

  10. Inclusion of Agricultural lands for the purpose of wealth tax - Once the lands are classified as agricultural lands, in the revenue records of Government and used for...

  11. Agricultural land - The land being registered in Land Revenue Records as Agricultural land, then there is no basis for holding the said land and as not agricultural land. - HC

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  13. Addition to income from capital gains - Nature of land sold - Anyhow, to meet the ends of natural justice, we direct the assessee to file complete sale deeds of the...

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