| Question And Answer | |
|---|---|
| Subject: | capital gain on sale of Agricultural land |
| Category: | Income-Tax |
| Querist: | bks |
| Answered by: | Law Intern |
| Tags: | Capital Gains, Sale of Agricultural land |
| Date: | September 29, 2025 |
All conditions satisfied e g distance, population etc
no income from agricultural activity shown in return
whether AO can treat thus as taxable ?
any case law ?
If all the conditions of s. 2(14)(iii) are satisfied, the capital gain would not be taxable. The fact that income from agricultural activity is not shown should not be a bar. The principle laid down by the Bombay High Court in The Commissioner Of Income Tax-Iii … vs Smt. Maltibai R. Kadu and CBDT Circular No 17 of 2015 apply.
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