INCOME TAX: Where Tribunal after considering census report and population certificate of a village and other relevant documents found that population of village was 5,912 which was less than statutory requirement of 10,000, Tribunal was justified in holding land in question sold by assessee which was situated in said village was an agricultural land not forming part of capital asset within meaning of section 2(14) and, hence, profit earned on transfer of such land was not liable to cap
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194223/no-infirmity-in-itat’s-order-holding-that-land-as-agricultural-land-after-considering-census-report-other-doc.aspx
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