LTCG on Agricultural Land Sale: Land Distance from Municipal Limit Key for Classification, Sarifabibi Tests Overlooked.

LTCG on sale of agricultural land - Nature of land sold - As the question of distance of the land sold from the outer limit of the Municipal Corporation and other 13 test laid down in the case of the Sarifabibi (supra), which goes to the root of the question whether the land of the assessee is agricultural land, beyond the outer limit of the multiple Corporation, were not raised specifically by the lower authorities, matter restored back - AT .....

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