Nature of land sold - agriculture land - onus of proving that ...

Revenue Fails to Prove Agricultural Land as Business Asset; Addition Deleted Due to Lack of Evidence.

August 11, 2019

Case Laws Income Tax AT

Nature of land sold - agriculture land - onus of proving that the land formed part of the business assets of the assessee is on the Revenue - though the Revenue is taking the transaction as business income they have not brought in any evidence on record neither they have conducted any specific enquiry to show that it is business transaction - addition deleted

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Nature of land sold - agriculture land - onus of proving that ...

Revenue Fails to Prove Agricultural Land as Business Asset; Addition Deleted Due to Lack of Evidence.

August 11, 2019

Case Laws Income Tax AT

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