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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

The mere sale of few pieces of lands here and there, now and ...

Case Laws     Income Tax

August 3, 2016

The mere sale of few pieces of lands here and there, now and then, irrespective of their value, as long as the said assets/lands did not lose the basic character of agricultural lands, does not constitute business activity for the assessee. - AT

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