https://www.taxtmi.com/caselaws?id=233864 Exemption under section 10(37) was available where agricultural land was used for agricultural purposes during the relevant period and the other statutory conditions were satisfied. The court rejected the contention that the assessee had to personally carry out manual cultivation or live near the land, holding that such personal physical involvement was not a mandatory requirement. Regular declaration and acceptance of agricultural income, together with crop entries in revenue records, supported compliance with the statutory condition. The capital gains exemption on enhanced compensation for compulsory acquisition of agricultural land was therefore upheld, and the revenue's challenge failed. en-us Mon, 15 Apr 2013 00:00:00 +0530 Sat, 18 May 2013 10:05:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233864 Exemption under section 10(37) was available where agricultural land was used for agricultural purposes during the relevant period and the other statutory conditions were satisfied. The court rejected the contention that the assessee had to personally carry out manual cultivation or live near the land, holding that such personal physical involvement was not a mandatory requirement. Regular declaration and acceptance of agricultural income, together with crop entries in revenue records, supported compliance with the statutory condition. The capital gains exemption on enhanced compensation for compulsory acquisition of agricultural land was therefore upheld, and the revenue's challenge failed. Case-Laws Income Tax Mon, 15 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233864