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Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1990 (12) TMI HC This

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1990 (12) TMI 26 - HC - Income Tax

The Kerala High Court dismissed the petition of the "karta" of an undivided family regarding income-tax assessment for the year 1972-73 on the acquisition of agricultural lands, stating that capital gains tax is applicable even on agricultural lands based on previous court decisions. The petition was found to be without merit, and no costs were awarded. (Case citation: 1990 (12) TMI 26 - KERALA High Court)

 

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