{"id":1311,"date":"2018-06-11T06:00:43","date_gmt":"2018-06-11T06:00:43","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-ashok-kumar-rathi-2018-404-itr-173-mad-hc\/"},"modified":"2018-06-11T06:00:43","modified_gmt":"2018-06-11T06:00:43","slug":"cit-v-ashok-kumar-rathi-2018-404-itr-173-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-ashok-kumar-rathi-2018-404-itr-173-mad-hc\/","title":{"rendered":"CIT  v.  Ashok Kumar Rathi. (2018) 404 ITR 173 (Mad) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; if the land was recorded as agricultural land in the revenue records, the presumption that it was agricultural land and also when the agricultural income\u00a0 shown by the assessee\u00a0 was accepted by the revenue in earlier years.Referred Sarifabibi Mohamed Ibrahim v. CIT ( 1993) 204 ITR 631 (SC) ( AY.2010-11)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.2(14)(iii): Capital asset-Agricultural land- Land entered in revenue records as agricultural land \u2014 Agricultural income from land declared and accepted by the revenue &#8211; Onus  is on department to prove contrary \u2014 Profits on sale of land  is not assessable to capital gains tax.[ S.45 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1311","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-l9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1311"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1311\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}