Punjab And Haryana H.C : The impugned agricultural land does not come within the definition ‘capital asset’ as defined under section 2(14) of the Income-tax Act, 1961, because the land in question is situated in the State of Punjab and beyond 8 kilometers of the municipal limits of Rajpura even when the impugned land is also situated within a distance of 5 kilometers of the municipal limits of Panchkula, District Ambala (Haryana)
High Court Of Punjab And Haryana CIT vs. Smt. Anjana Sehgal Assessment Year : 1997-98 Section : 2(14), 45 Adarsh […]
