Capital gain

This query is : Resolved 

29 September 2013 Sale of agriculture Land by a Company beyond 8 km.is taxable or not???? Give Rply fast

29 September 2013 The taxability in this case shall depends on the facts of the case - whether it shall taxed as capital gains or business income or exempt.

please refer to judgment of Hyderabad bench of ITAT in the case of G.K. Properties (P.) Ltd. v/s. Income-tax Officer, Ward 2(2)


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