No capital gain arose on sale of land as it wasn't treated as capital asset for other co-owners of s

IT : Where Assessing Officer made addition to assessee's income in respect of capital gain arising from sale of land, in view of fact that in case of other co-owners said piece of land was not regarded as capital asset being situated 8 Kms. away from local municipal limits, impugned addition deserved to be deleted in assessee's case as well