Caution – Income on sale of Rural Agricultural Land can also be Taxed !!
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Income from sale of agriculturl land is to be taxed as business income. If assessee’s business as per MoA is…
Rural Agricultural land
Meaning of Agricultural Land – A well elaborated order by ITAT Hyderabad !!
Income Tax Appellate Tribunal – Hyderabad Rajender Pershad Tejprakash, … vs Assessee IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES…
