Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1981 (6) TMI HC This

  • Login
  • Referred In
  • Summary

Forgot password       New User/ Regiser

⇒ Register to get Live Demo



 

1981 (6) TMI 1 - HC - Income Tax

The High Court of Gujarat ruled that agricultural land within 8 kilometers of a municipality is not a "capital asset" if the specified notification was issued after the land transaction. The Income-tax Appellate Tribunal's decision was upheld. The surplus from the land sale cannot be charged as capital gains due to the timing of the notification.

 

 

 

 

Quick Updates:Latest Updates