https://www.taxtmi.com/caselaws?id=155016 Agricultural character of land is determined from the totality of surrounding facts, revenue records, actual and intended use, and the parties' conduct. Revenue entries and cultivation history may support agricultural status, while industrial-type registration or related documents do not by themselves convert the entire land into non-agricultural land if there is no formal conversion under land revenue law. A small area used for vermi-compost activity may be treated differently from the remaining land. For capital gains purposes, buildings, trees and other attached assets require separate consideration from the land, and their tax computation must be determined independently on the available record. en-us Thu, 28 Jul 2011 00:00:00 +0530 Sat, 31 Aug 2013 11:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155016 Agricultural character of land is determined from the totality of surrounding facts, revenue records, actual and intended use, and the parties' conduct. Revenue entries and cultivation history may support agricultural status, while industrial-type registration or related documents do not by themselves convert the entire land into non-agricultural land if there is no formal conversion under land revenue law. A small area used for vermi-compost activity may be treated differently from the remaining land. For capital gains purposes, buildings, trees and other attached assets require separate consideration from the land, and their tax computation must be determined independently on the available record. Case-Laws Income Tax Thu, 28 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155016