[aaykarbhavan] Missing agricultural income in previous year’s return confirms denial of sec. 10(37) exemption for transfer of land

Missing agricultural income in previous year's return confirms denial of sec. 10(37) exemption for transfer of land

July 4, 2014[2014] 46 taxmann.com 121 (Punjab & Haryana)

IT: Where on perusal of earlier return filed by assessee, it was found that agricultural income shown was nil and assessee was unable to dispute that land was falling within municipal limits and, it could not be conclusively held that agricultural activities were being carried on land, petitioner was not entitled for benefit under section 10(37

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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