https://www.taxtmi.com/caselaws?id=66781 The retrospective Explanation inserted by the Finance Act, 1989 to section 2(1A) excluded gains from transfer of land falling within section 2(14)(ii)(a) or section 2(14)(iii)(b) from the definition of agricultural income. In light of Article 366(1), the amended definition was treated as governing the constitutional understanding of agricultural income and as curing the earlier defect. As a result, capital gains from transfer of agricultural land situated within notified municipal limits or the prescribed distance from those limits were held taxable under the capital gains charging provision. en-us Fri, 30 Aug 1991 00:00:00 +0530 Mon, 07 Mar 2011 12:19:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66781 The retrospective Explanation inserted by the Finance Act, 1989 to section 2(1A) excluded gains from transfer of land falling within section 2(14)(ii)(a) or section 2(14)(iii)(b) from the definition of agricultural income. In light of Article 366(1), the amended definition was treated as governing the constitutional understanding of agricultural income and as curing the earlier defect. As a result, capital gains from transfer of agricultural land situated within notified municipal limits or the prescribed distance from those limits were held taxable under the capital gains charging provision. Case-Laws Income Tax Fri, 30 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66781