Income from Agricultural Land can’t be added under Capital Gain: ITAT [Read Order]

Income - agricultural land - Capital Gain - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench comprising Shri Waseem Ahmed, Accountant Member and Shri Siddhartha Nautiyal, Judicial Member held that Income from agricultural land can’t be added under capital gain. The appeal was filed against the order of the Commissioner of Income Tax passed on 22/01/2019 & 28-01-2019. It was alleged that the…

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