https://www.taxtmi.com/caselaws?id=178624 In capital gains matters involving registered conveyances, transfer is treated as effected on execution when the deed becomes operative, even if registration is recorded later. The character of land is determined by the total factual matrix, including location, surrounding development, intended use, sale to a non-agriculturist, pricing basis, and the genuineness of cultivation; revenue entries and nominal cultivation are not conclusive. Applying these principles, the land was held not to be agricultural land on the transfer date, the additional legal ground could be raised because it concerned the same subject-matter, and the claimed interest deficit was not deductible under binding precedent. en-us Fri, 14 Aug 1981 00:00:00 +0530 Fri, 28 Jul 2017 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178624 In capital gains matters involving registered conveyances, transfer is treated as effected on execution when the deed becomes operative, even if registration is recorded later. The character of land is determined by the total factual matrix, including location, surrounding development, intended use, sale to a non-agriculturist, pricing basis, and the genuineness of cultivation; revenue entries and nominal cultivation are not conclusive. Applying these principles, the land was held not to be agricultural land on the transfer date, the additional legal ground could be raised because it concerned the same subject-matter, and the claimed interest deficit was not deductible under binding precedent. Case-Laws Income Tax Fri, 14 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178624