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TMI BlogProfit arising from sale of land - as the land sold is not only agricultural in nature but is also...Profit arising from sale of land - as the land sold is not only agricultural in nature but is also situated beyond 12 kms from the limit of a municipality notified by the central govt. - land sold by assessee not being a capital asset, the gain derived there from is not taxable at the hands of the assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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