Matter remanded to find out whether erstwhile Sec. 56(2)(vii)(b) can be invoked on purchase of agricultural land

INCOME TAX : Where assessee purchased agricultural land and Assessing Officer on basis of valuation report of Sub-Registrar made certain addition to purchase consideration under section 56(2)(vii)(b), matter was to be remanded back to Assessing Officer with a direction to find out as to whether agricultural land fell within meaning of capital asset under section 2(14)

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