HomeDirect TaxAgricultural Land Not ‘Capital Asset’, No Basis to Treat Sale As Capital...

Agricultural Land Not ‘Capital Asset’, No Basis to Treat Sale As Capital Gains: ITAT

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside revisionary proceedings initiated under Section 263 of the Income-tax Act, held that there is no basis to treat agricultural land sale as Rs. 9.5 crore capital gains as the land is not a ‘capital asset’. The bench of Satbeer Singh Godara (Judicial Member) and…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Budget 2026 Eases ITR Filing Rush with New Deadlines

The Union Budget 2026 has introduced one of the most significant procedural reforms in...

CBDT Extends ITR Filing Deadline to August 31, 2026

The Central Board of Direct Taxes (CBDT) has extended the due date for filing...

JURISHOUR | TAX LAW DAILY BULLETIN : 31 JULY, 2026

Here’s the Tax Law Daily Bulletin for July 31, 2026.GSTWHY ARE PROMOTIONS TO ASSISTANT...

More like this

Budget 2026 Eases ITR Filing Rush with New Deadlines

The Union Budget 2026 has introduced one of the most significant procedural reforms in...

CBDT Extends ITR Filing Deadline to August 31, 2026

The Central Board of Direct Taxes (CBDT) has extended the due date for filing...

JURISHOUR | TAX LAW DAILY BULLETIN : 31 JULY, 2026

Here’s the Tax Law Daily Bulletin for July 31, 2026.GSTWHY ARE PROMOTIONS TO ASSISTANT...