IT JudgementLand from which rent was received should be used for agricultural purposes for its taxation as Agricultural Income28 Jan 20210Land from which rent was received should be used for agricultural purposes for its taxation as Agricultural Income Short Overview …
ArticleIncome TaxInteresting Income TaxIT JudgementAgricultural Land- Meaning for the purpose of section 2(14)(iii) of the Income Tax Acty-196122 Dec 20170SUB-CLAUSE (iii)-AGRICULTURAL LAND (i) General Section 2(4A)(iii) of the 1922 Act excluded from the ambit of “capital asset”, any land…