![ITAT allows Capital Gain Exemption for purchase of Agricultural Land in Son’s Name [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "ITAT allows Capital Gain Exemption for purchase of Agricultural Land in Son’s Name [Read Order]")
ITAT allows Capital Gain Exemption for purchase of Agricultural Land in Son’s Name [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption can be allowed under section 54B of the Income Tax...
No Tax Exemption if Agricultural Land was declared as Industrial Plot during Registration of Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi bench has held that income tax is payable on the sale of agricultural land if the same was declared as the industrial plot by the competent...
![No Tax Exemption if Agricultural Land was declared as Industrial Plot during Registration of Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Exemption-Agricultural-Land-Taxscan.jpg "No Tax Exemption if Agricultural Land was declared as Industrial Plot during Registration of Sale Deed: ITAT [Read Order]")
Capital Gain Exemption available on Sale of Water-logged Area adjacent to Agricultural Land: Kerala HC [Read Judgment]
A division bench of the Kerala High Court has held that the capital gain received on the sale of land water-logged and comprised within the backwaters, adjacent to the agricultural land as the same...
![Capital Gain Exemption available on Sale of Water-logged Area adjacent to Agricultural Land: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Capital Gain Exemption available on Sale of Water-logged Area adjacent to Agricultural Land: Kerala HC [Read Judgment]")
Sale of Agricultural Land is Exempt from Tax though there were No Agricultural Activities: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Shri Kallepu Sharath Chander v. Asstt. Commissioner of Income Tax, Hyderabad held that the sale of Agricultural Land is...
Punjab & Haryana HC deletes Addition since Transfer of Land to Assessee was to Facilitate Conversion of Agricultural Land to Non-Agricultural Land as per the State Laws [Read Judgment]
In the Case, Commissioner of Income Tax vs Ram Kumar Duhan, Punjab and Haryana High Court has deleted the addition made by the Assessing Officer (AO) since the transfer of land to Assessee was to...
![Receipt from Compulsory Acquisition of Agricultural Land is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Compulsory-Acquisition-Taxscan.jpg "Receipt from Compulsory Acquisition of Agricultural Land is not Taxable: ITAT [Read Order]")
Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]
The ITAT bench comprising Pramod Kumar (AM) and S. S. Godara (JM) recently confirmed that the sale consideration on agricultural land after its conversion to non-agricultural Land constitutes business...
![Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sale-Consideration-Business-Income-Taxscan.jpg "Sale Consideration on Agricultural Land after its Conversion to Non-Agricultural Land is Business Income, S. 50C can’t be invoked: ITAT [Read Order]")