Dismissing the appeal of the assessee the Tribunal held that the land sold by assessee was too small for carrying out agricultural operations and no evidence of agricultural operations carried out on said land was produced.Assessing the gain as capital gain is affirmed. (AY. 2013-14)
Jairam G Kimmane. v.Dy.CIT (2020) 185 ITD 511 /( 2021 ) 88 ITR 3008 (Bang.)(Trib.)
S. 45 : Capital gains-Agricultural Land-sold was too small-No evidence was produced for the agricultural activities carried on-Assessable as capital gains. [S. 2(14)(iii)]