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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Exemption u/s 10(37) - Merely because the assessee was not ...


Section 10(37) Exemption Valid: Non-residence or other business activities don't disqualify agricultural land for tax exemption.

May 10, 2014

Case Laws     Income Tax     HC

Exemption u/s 10(37) - Merely because the assessee was not residing close to the land or was also pursuing some other business would not by itself be sufficient to hold that the land was not used for agricultural purposes by the assessee - HC

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