Tribunal held that land was used for agricultural purposes, land was classified as agricultural land and Jowar crop was grown-. Accordingly capital gain arising from sale of such land was eligible for exemption . (AY.2008 -09)
Murtuza Shabbir Jamnagarwala v. ITO (2019) 175 ITD 494 (Pune) (Trib.)
S. 54B : Capital gains–Agricultural land-Land was used for agricultural purposes–Land classified as agricultural land Jowar crop was grown- Eligible exemption [S.2(14), 45]