G.M. Omer Khan vs Additional Commissioner Of Income Tax

Whether agricultural land falling within municipal limits but in a village with population below 10,000 qualifies as capital asset under Section 2(14)(iii)(a) of Income Tax Act 1961 --- Held No; Whether capital gains tax liability arises on date of acquisition order or date of notification publication under Section 7(2) of Requisitioning & Acquisition of Immovable Property Act 1952 --- Held Date of notification publication