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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Profit on the sale of agricultural land - merely because for ...

January 5, 2019

Case Laws     Income Tax     HC

Profit on the sale of agricultural land - merely because for whatever reason, the assessee has earned sufficiently huge amount of profit cannot be a ground to treat the profit earned by the assessee on sale of agricultural land as business income.

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