asset or not, both the
increase in the benefits per annum as well as increase in
benefits through extension of the life of the asset ... asset was substantially
increased, then, it would be taken as increase in the future
benefits from the concerned asset beyond its previously
assessed standard
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
during the current year
2018-19, the holding period of the asset is beyond three years and
thus, any profit or gain received from sale
impugned order, were as under-
"(i) The asset transferred is agricultural land located beyond 8
kms of any notified municipality. It is therefore ... situated beyond the prescribed limit of any municipality
notified by the central govt. it cannot come within the
definition of capital asset as envisaged
