Case Law Analysis
|Rajasthan High Court
Section 153C Income Tax Act | No Incriminating Material, No Block Assessment : Rajasthan HC Quashes ₹18.63 Crore Tax Demand
Rajasthan High Court ruled that block assessment under Section 153C of the Income Tax Act requires incriminating material to justify tax demands. The court also reaffirmed that rural agricultural land beyond 8 km from municipal limits remains exempt from capital gains tax, setting a precedent for similar tax disputes.