Ahmedabad ITAT Draws a Clear Line: Agricultural Land Outside Section 2(14) Cannot Trigger Capital Gains, Section 50C or Tax on Alleged On-Money Jignesh Harshadbhai Patel v. ITO – I.T.A. No. 1655/Ahd/2025 (Ahmedabad ITAT) In a significant relief for taxpayers dealing with sale of rural agricultural land, the Ahmedabad Bench of the Income Tax Appellate…
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