Tribunal held that as the agricultural land was situated within 8 km. of local municipal limits, addition under head Capital gain applying the provision of S.50C is justified .
Girdhari Lal v. ITO (2018) 171 ITD 176 (Delhi) (Trib.)
S. 50C : Capital gains – Full value of consideration – Stamp valuation-Agricultural land– Land situated within 8 km. of local Municipal limits-Addition under head capital gain applying the provision of S.50C is justified . [ S. 2(14)(iii), 45 ]