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TMI BlogSale of land - AO is not correct in holding that the land was not an agricultural land and the activity...Sale of land - AO is not correct in holding that the land was not an agricultural land and the activity of purchase and sale of the said land being an adventure in the nature of trade, profit arising therefrom was chargeable to tax in her hands as business income - Not taxable - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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