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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Nature of sale of land - whether plot of land is agricultural ...


High Court Rules Land is Agricultural, Exempting It from Capital Gains Tax on Sale.

March 17, 2018

Case Laws     Income Tax     HC

Nature of sale of land - whether plot of land is agricultural land or non agricultural land - classified as dry land for which Kisthu has been paid - the land in question sold by the assessee was agricultural land and cannot be held as capital asset and no capital gains are chargeable - HC

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