https://www.taxtmi.com/caselaws?id=236468 Agricultural land retained its character as agricultural land where it had been long held as such in revenue records, and a short period of non-cultivation did not convert it into a capital asset; the purchaser's later intended non-agricultural use was not decisive. No prejudicial violation of Rule 46A was established on admission of the purchaser's letter. An unregistered agreement coupled with delivery of possession constituted transfer under part performance principles, so transfer was recognised on 20.04.2007. For the capital asset distance test, crow's flight measurement was rejected in favour of the legally relevant distance method. en-us Fri, 12 Jul 2013 00:00:00 +0530 Fri, 05 Aug 2022 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236468 Agricultural land retained its character as agricultural land where it had been long held as such in revenue records, and a short period of non-cultivation did not convert it into a capital asset; the purchaser's later intended non-agricultural use was not decisive. No prejudicial violation of Rule 46A was established on admission of the purchaser's letter. An unregistered agreement coupled with delivery of possession constituted transfer under part performance principles, so transfer was recognised on 20.04.2007. For the capital asset distance test, crow's flight measurement was rejected in favour of the legally relevant distance method. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236468