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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Levy of capital gains tax on sale of agricultural land - just ...


Capital Gains Tax Not Justified on Agricultural Land Due to Low Income; Land Use Nature Remains Unchanged.

April 4, 2019

Case Laws     Income Tax     AT

Levy of capital gains tax on sale of agricultural land - just because, the assessee has not been able to generate desired agricultural income from the said lands would not change the character of agricultural land to a non-agricultural land.

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