{"id":2355,"date":"2018-09-14T09:44:45","date_gmt":"2018-09-14T09:44:45","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-p-s-raghupathy-2018-257-taxman-225-madhc\/"},"modified":"2019-03-31T14:47:18","modified_gmt":"2019-03-31T14:47:18","slug":"pcit-v-p-s-raghupathy-2018-257-taxman-225-madhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-p-s-raghupathy-2018-257-taxman-225-madhc\/","title":{"rendered":"PCIT  v. P.S. Raghupathy (2018) 257 Taxman 225 (Mad)(HC).Editorial: SLP of revenue is dismissed PCIT  v. P.S. Raghupathy ( 2019) 261 Taxman 248 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that; land revenue records\u00a0 showed that land specified was agricultural land and distance from nearest Municipality is\u00a0beyond 8 Kms.\u00a0 even though assessee ran a nursery on agricultural land ,the fact that there was loss and not income could not have made any difference to the nature and character of the land. ( AY.2007 -08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.2(14)(iii): Capital asset-Agricultural land  &#8211; Beyond 8 Kms from nearest Municipality -Nursery- Land record showing the land as agricultural land \u2013 Sale consideration is exempt from 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-2355","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-BZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2355","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=2355"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2355\/revisions"}],"predecessor-version":[{"id":4664,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2355\/revisions\/4664"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}