https://www.taxtmi.com/caselaws?id=202859 Section 10(37) exempts capital gains on compulsory acquisition of agricultural land where the statutory conditions are met. The relevant transfer date for the agricultural-use test is the date possession vests in the Government under the Land Acquisition Act, 1894, and khasra girdawari may evidence cultivation during the two years immediately preceding that date unless displaced by stronger evidence. The compensation condition is satisfied if compensation is received on or after 1 April 2004, regardless of when acquisition occurred. Land admittedly put to non-agricultural use remains outside the exemption, so eligible compensation may require recomputation to exclude that portion. en-us Thu, 30 Sep 2010 00:00:00 +0530 Wed, 23 Mar 2011 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202859 Section 10(37) exempts capital gains on compulsory acquisition of agricultural land where the statutory conditions are met. The relevant transfer date for the agricultural-use test is the date possession vests in the Government under the Land Acquisition Act, 1894, and khasra girdawari may evidence cultivation during the two years immediately preceding that date unless displaced by stronger evidence. The compensation condition is satisfied if compensation is received on or after 1 April 2004, regardless of when acquisition occurred. Land admittedly put to non-agricultural use remains outside the exemption, so eligible compensation may require recomputation to exclude that portion. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202859