COMMISSIONER OF INCOME-TAX versus GEMINI PICTURES CIRCUIT PRIVATE LTD.
Capital Advantages Agricultural assets excluded from capital assets should be taken into account in determining whether the land is agricultural or not. The relevant facts must be taken into account in the land municipal record located in the city's most important business center. Because urban land and urban land tax are paid on it. Part of the land used for the construction of non-residential buildings is the fact that the vegetation was cultivated at this location because after the space activities were stopped, it could not be concluded that the sale of such land. Agricultural profits were such as the Capital Income Tax Act, 1961, section 2 (14) and 45 [Gemini Pictures Circuit (P) Ltd. v CIT (1981) 130 ITR 686 over]
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