Nature of land sold - agricultural land - distance between two ...

Case Laws     Income Tax

May 15, 2024

Nature of land sold - agricultural land - distance between two physical points on the surface of earth from local limits of the Municipality - Distance Measurement - The Tribunal observed that the adjudication by the CIT(A) lacked thoroughness as it favored the evidence relied upon by the assessee without adequately addressing the evidence presented by the Revenue. Both parties relied on satellite mapping technology to determine the distance, with conflicting results. The Tribunal emphasized the importance of reconciling the differences in measurements and noted the lack of contemporaneous evidence provided by the assessee during the assessment proceedings. The Tribunal concluded that the matter required a precise measurement and instructed the Assessing Officer (AO) to obtain coordinates from both the subject land and the local limits of the Municipality as of the transfer date.

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