Income Tax, HC Rajasthan Judgement Dated 13/04/2026 – Agricultural Land outside Municipal Limits not a Capital Asset

 Case of Superb Infotech Pvt Ltd vs DCIT, HC Rajasthan Judgement Dated 13th April 2026. HC held that profit from sale of rural agricultural land was not taxable under either capital gains or business income. The proceedings under Section 153C were invalid for lack of incriminating material. The impugned assessment orders were quashed.

(Link: HC Rajasthan Judgement Dated 13/04/2026)

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