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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Just because the transferee had not used the land for ...


Agricultural Land Tax Status Maintained Despite Non-Agricultural Use by Transferee; Sale Does Not Alter Classification.

May 9, 2016

Case Laws     Income Tax     AT

Just because the transferee had not used the land for agricultural purposes, the land does not loose its character of being an agricultural land when the same is sold by the assessee - AT

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