https://www.taxtmi.com/caselaws?id=122117 Section 194LA is a special TDS provision for compensation on compulsory acquisition of immovable property, and its agricultural land exclusion must be read on its own terms rather than by importing the capital asset definition in section 2(14)(iii). For TDS purposes, the acquiring authority may rely on prima facie material such as revenue records to assess agricultural character, without making a full assessment reserved for the AO in the landowners' hands. Revenue entries create a rebuttable presumption of agricultural land, and on the stated facts that basis extended to trees standing on the land and, in the composite acquisition, to the appurtenant residential constructions. The resulting section 201 demand was unsustainable. en-us Wed, 18 Aug 2010 00:00:00 +0530 Wed, 08 Aug 2012 16:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122117 Section 194LA is a special TDS provision for compensation on compulsory acquisition of immovable property, and its agricultural land exclusion must be read on its own terms rather than by importing the capital asset definition in section 2(14)(iii). For TDS purposes, the acquiring authority may rely on prima facie material such as revenue records to assess agricultural character, without making a full assessment reserved for the AO in the landowners' hands. Revenue entries create a rebuttable presumption of agricultural land, and on the stated facts that basis extended to trees standing on the land and, in the composite acquisition, to the appurtenant residential constructions. The resulting section 201 demand was unsustainable. Case-Laws Income Tax Wed, 18 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122117