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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Capital Asset u/a 2(14) - agriculture land or not - If any ...


Assessing Officer Fails to Verify Agricultural Land Status u/s 2(14) of Income Tax Act; Classification Unresolved.

February 19, 2014

Case Laws     Income Tax     AT

Capital Asset u/a 2(14) - agriculture land or not - If any suspicion crept into the mind of the Assessing Officer, nothing prevented him to get the report from Sarpanch, neibours of the impugned land or the revenue Patwari but that was not done by him - AT

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