https://www.taxtmi.com/caselaws?id=247393 The High Court upheld the exemption of Long Term Capital Gains (LTCG) under section 10(37) for capital gains from agricultural land transfer. The Court emphasized fulfilling all conditions for exemption eligibility under section 10(37), including agricultural land usage. The Court ruled in favor of the respondent, considering the land's past agricultural income declaration as evidence of agricultural land usage, dismissing the tax appeal. en-us Mon, 24 Mar 2014 00:00:00 +0530 Sat, 10 May 2014 08:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247393 The High Court upheld the exemption of Long Term Capital Gains (LTCG) under section 10(37) for capital gains from agricultural land transfer. The Court emphasized fulfilling all conditions for exemption eligibility under section 10(37), including agricultural land usage. The Court ruled in favor of the respondent, considering the land's past agricultural income declaration as evidence of agricultural land usage, dismissing the tax appeal. Case-Laws Income Tax Mon, 24 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247393