Posted by : CS K. K. Agrawal Oct 10, 2015

Dispute : Whether agricultural land is situated in urban area or rural area
Claim of the Assessee : Distance should be measured as per road. Therefore not a capital asset.
Claim of the AO : Distance should be measured as the crow flies. Therefore it is capital asset
CIT vs. Vijay Singh Kadan (Delhi High Court), I.T.A. No. 714/2015, Date-14.09.2015




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