CAPITAL GAIN ::


Last updated: 20 September 2007

Court :
HC

Brief :
Held by the Hon`ble Court that, agriculture land is a capital asset u/s 2(14) of the act, only on ground that the cost of acquisition was nil it could not be held that capital gain was not liable to tax.

Citation :
S. Hoshnak Singh (HUF) Vs. C.I.T.

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