Capital gain - transfer of capital asset - change of the ...
Land Reverts to Agricultural Use After JDA Cancellation, Exempt from Capital Gains Tax on Asset Transfer.
June 4, 2016
Case Laws Income Tax AT
Capital gain - transfer of capital asset - change of the physical characteristics of the land from agricultural to non-agricultural - JDA was finally cancelled - undisputedly agricultural activities are being undertaken on the disputed land till date - Not liable to capital gain tax - AT
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