https://www.taxtmi.com/caselaws?id=272033 The Tribunal upheld the CIT(A)'s decision, ruling that the land in question should be considered agricultural for taxation purposes. The Tribunal emphasized the significance of factual evidence and criticized the Revenue for incorrect assessment year selection. Despite factors favoring the Revenue, such as non-cultivation and immediate commercial activities post-sale, the evidence of the land being beyond municipal limits and purchased and sold as agricultural prevailed in determining its classification. en-us Wed, 20 Jan 2016 00:00:00 +0530 Thu, 25 Feb 2016 08:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272033 The Tribunal upheld the CIT(A)'s decision, ruling that the land in question should be considered agricultural for taxation purposes. The Tribunal emphasized the significance of factual evidence and criticized the Revenue for incorrect assessment year selection. Despite factors favoring the Revenue, such as non-cultivation and immediate commercial activities post-sale, the evidence of the land being beyond municipal limits and purchased and sold as agricultural prevailed in determining its classification. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272033