Search Results for Tag : Agricultural Land

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ITAT, Bangalore: Agricultural Land Not Converted at Time of Sale Not Included as Capital Gain(11.04.2022)

Income Tax Appellate Tribunal, Bangalore has observed that since the agricultural land was not converted at the time of sale, the sale consideration s.....

Tags : Income Tax Appellate Tribunal, agricultural land, sale consideration, Income Tax Act, 1961, assessee

ITAT, Delhi: No Income Tax on Compensation Received on Compulsory Acquisition of Agricultural Land(12.03.2020)

Income Tax Appellate Tribunal (ITAT), Delhi has held that income tax cannot be levied on the compensation or enhanced compensation received on compuls.....

Tags : Income Tax Appellate Tribunal, Compensation on Compulsory Acquisition of Agricultural Land

ITAT: Sale of Agricultural Land Does Not Amount to Capital Gain(05.07.2022)

Income Tax Appellate Tribunal (ITAT), Kolkata Bench has held that the sale of agricultural land does not amount to capital gain for the purpose of all.....

Tags : ITAT, Agricultural Land, Capital Gain

FAMILY - Preferential Right U/S- 22 of Hindu Succession Act Applicable to Agricultural Land: SC(15.03.2019)

Supreme has held that the preferential right given to an heir of a Hindu under Section 22 of the Hindu Succession Act, 1956 is applicable even if the .....

Tags : Bombay High Court, Hindu Succession Act, Section-22, Agricultural Land

ITAT: Capital Gain Exemption Cannot be Claimed for Agricultural Land Purchased in Wife’s Name(15.07.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the capital gain exemption under Section 54B of the Income Tax Act, 1961 cannot be cla.....

Tags : ITAT, Capital Gain Exemption, Agricultural Land

Telangana HC Directs State Not to Insist on Aadhar Details of Agricultural Lands(05.11.2020)

Telangana High Court has directed the State not to insist on uploading of Aadhaar details vis-i-vis the agricultural land details being placed by the .....

Tags : Telangana High Court, Aadhar Details of Agricultural Lands

Delhi High Court Dismisses Petition Against AAP Govt's Order on Circle Rates(17.08.2015)

Delhi High Court has dismissed a PIL against an AAP Government notification enhancing circle rates of agricultural land in the capital by three times.

Tags : Delhi High Court,AAP Government,circle rates of agricultural land

ITAT, Delhi: No Tax on Compensation for Acquisition of Agricultural Land by State Govt(15.04.2021)

Income Tax Appellate Tribunal (ITAT), Delhi has held that no tax shall be payable on compensation for acquisition of agricultural land by the state go.....

Tags : Income Tax Appellate Tribunal, Compensation for Acquisition of Agricultural Land

Maharashtra Govt. Eases Norms for Setting Up Industries on Agricultural Land(21.01.2016)

Maharashtra Government, in order to make it easier for setting up industries in the state, has simplified norms for using agricultural land for non-ag.....

Tags : Maharashtra Government, Norms for Setting Up Industries on Agricultural Land

ITAT Delhi: Exemption to Agricultural Lands Bought not for Business Purposes Allowed(17.01.2020)

Income Tax Appellate Tribunal, Delhi has allowed exemption on agricultural lands bought without an intention to purchase the land for any business pur.....

Tags : Income Tax Appellate Tribunal, Exemption on Agricultural Lands

Rajasthan HC: Government has Authority to Regularise Unauthorised Conversion of Agricultural Land(11.02.2022)

Rajasthan High Court has held that the government has authority in terms of Section 90B of the Land Revenue Act, 1956 as it stood at the relevant time.....

Tags : Rajasthan High Court, Unauthorised Conversion of Agricultural Land

Bombay HC: Real Estate Developer Liable to Pay Income Tax on Sale of Agricultural Land(18.03.2020)

Bombay High Court has observed that income from the sale of agricultural land will attract income tax as the Assessee was dealing in the sale of prope.....

Tags : Bombay High Court, Sale of Agricultural Land