Supreme Court · 1993 INSC 294 · Decided 14 September 1993
SMT. Sarifabibi Mohmed Ibrahim and ORS. v. Commissioner of Income Tax, Gujarat
- Court
- Supreme Court of India
- Citation
- 1993 INSC 294 · [1993] SUPP. 2 S.C.R. 264
- Case number
- CIVIL APPEAL No. 4001/1982
- Decided
- 14 September 1993
- Bench
- B.P. JEEVAN REDDY, S.P. BHARUCHA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 256(1); Land Revenue Code Section 65
Headnote
Income TaxAc~ 1961-S.2(14)-''Capital asse•s"-Capital Gains Tax-­ Exemption from-"Agricultural land"-Factors determinative of-Land C situated within revenue limits of a village as well as within jurisdiction of a Municipality-Registered as agricultural land in revenue land under cullivation-Permission w sell land for non-agricultural purposes under s.63 of Bombay Tenancy and Agricultural lands Act 1948 granted-Land Sold to Housing Co-operative society for construction of houses--Held, land was not D an agricultural land at the time of its sale and income
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