Tag Archives: Principal Commissioner of Income-tax v. P. S. Raghupathy

No Income tax on sale of land if it was declared as an agricultural land in revenue records

By | August 20, 2018

In the present case, admittedly, the land sold by the assessee is situate beyond 8 Kms limit, the land Revenue is collected in the form of Kist in respect of the agricultural land, the land Revenue records shows the land as agricultural land. Thus, all the conditions required for holding the land as agricultural land… Read More »