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![Agricultural Land does not fall under Capital Asset u/s 2(14) of the Income Tax Act, S 50C not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Agricultural-Land-Capital-Asset-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Agricultural Land does not fall under Capital Asset u/s 2(14) of the Income Tax Act, S 50C not Applicable: ITAT [Read Order]")
Agricultural Land does not fall under Capital Asset u/s 2(14) of the Income Tax Act, S 50C not Applicable: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that agricultural land did not fall under the head of capital...
![Mere Execution of Power of Attorney Agent not amount to ‘Transfer’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Capital-Gain-Tax.jpg "Mere Execution of Power of Attorney Agent not amount to ‘Transfer’: ITAT [Read Order]")
![Actual Sale Consideration shall be subjected to Tax when an Affidavit Declaration is made by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Sale-Consideration-Taxscan.jpg "Actual Sale Consideration shall be subjected to Tax when an Affidavit Declaration is made by Assessee: ITAT [Read Order]")
![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 of Land cannot be treated as Business Activity even though there is a Higher Volume of Sale Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Sale-of-Land-Taxscan.jpg "Sale of Land cannot be treated as Business Activity even though there is a Higher Volume of Sale Consideration: ITAT [Read Order]")
Membership in Stock Exchange is not a ‘Capital Asset’ for the purpose of Income Tax Act: Rajasthan HC [Read Order]
In the case, Shri Ashok Gupta v. CIT, the division bench of the Rajasthan High Court held that the membership in Stock Exchange cannot be treated as a capital asset within the meaning of section 2(14)...
![Membership in Stock Exchange is not a ‘Capital Asset’ for the purpose of Income Tax Act: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Membership in Stock Exchange is not a ‘Capital Asset’ for the purpose of Income Tax Act: Rajasthan HC [Read Order]")