Nature of land - agricultural or not - Merely because of the ...
Land Ownership Duration Doesn't Determine Taxable Income from Sales: Agricultural Classification Key for Tax Purposes.
March 27, 2015
Case Laws Income Tax AT
Nature of land - agricultural or not - Merely because of the fact that the land was sold in a short period of holding, it cannot be held that income arising from the sale of land was taxable as profit arising from the adventure in the nature of trade or capital gain - AT
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