Tuesday, October 30, 2018

Distance between particular land and municipality isn't criterion to define agricultural land

IT: As per section 2(14)(iii)(b), distance from Municipal limits to area in which land is situated is to be considered and not distance between particular land and municipal limit

from www.taxmann.com Latest Case Laws https://ift.tt/2OW3PZs

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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