https://www.taxtmi.com/caselaws?id=204298 Land recorded in revenue records as agricultural, with no permission for non-agricultural conversion before sale, remained agricultural land and the sale proceeds were not liable to capital gains tax. The absence of substantial agricultural surplus did not by itself change the character of the land. On appeal under section 260A of the Income-tax Act, the HC will not disturb concurrent factual findings on the nature of land unless they are perverse or rest on an legal principle; here, the findings were supported by the evidence and applicable land revenue law, so the Revenue's challenge failed. en-us Thu, 09 Sep 2010 00:00:00 +0530 Wed, 27 Aug 2025 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204298 Land recorded in revenue records as agricultural, with no permission for non-agricultural conversion before sale, remained agricultural land and the sale proceeds were not liable to capital gains tax. The absence of substantial agricultural surplus did not by itself change the character of the land. On appeal under section 260A of the Income-tax Act, the HC will not disturb concurrent factual findings on the nature of land unless they are perverse or rest on an legal principle; here, the findings were supported by the evidence and applicable land revenue law, so the Revenue's challenge failed. Case-Laws Income Tax Thu, 09 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204298