Capital gain tax

Meet Shah (ACA) (178 Points)

04 July 2016  
Hey, If Agriculture Land hold by assessee since 1992-93 now in 15-16 he converted this land to Non Agriculture land & sold within 1 month from the date of conversion. Now my query is that whether party is liable for Short Term Capital Gain or Long term Capital Gain. (please provide any judgement regarding the same if any).