https://www.taxtmi.com/caselaws?id=263071 The court affirmed that the appellant did not meet the requirement of engaging in agricultural activities on the land for two years preceding the acquisition, rendering them ineligible for the exemption under Section 10(37) of the Income Tax Act. The court emphasized the necessity of actual agricultural use by the assessee to claim exemption from capital gains tax, dismissing the appeal as no substantial question of law arose for determination. en-us Tue, 21 Jul 2015 00:00:00 +0530 Wed, 26 Aug 2015 10:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263071 The court affirmed that the appellant did not meet the requirement of engaging in agricultural activities on the land for two years preceding the acquisition, rendering them ineligible for the exemption under Section 10(37) of the Income Tax Act. The court emphasized the necessity of actual agricultural use by the assessee to claim exemption from capital gains tax, dismissing the appeal as no substantial question of law arose for determination. Case-Laws Income Tax Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263071