Capital Assets
Legal definition for Indian law research
Definition
Capital assets, do not include lands from which the income derived is agricultural income, First ITO, Salem v. Short Brothers (p.) Ltd., (1966) 3 SCR 84: AIR 1967 SC 81 (85). [Income Tax Act (10 of 1922)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.