https://www.taxtmi.com/caselaws?id=5437 Land must be assessed on the totality of circumstances on the date of transfer to determine whether it is agricultural land for capital gains exemption. Revenue entries, past cultivation, land revenue payment, location, user, surrounding circumstances, intended use, and permissions for non-agricultural transfer are all relevant, but none is conclusive. Here, the land had not been cultivated for several years, was agreed to be sold to a housing society for building purposes, and was transferred after permission for such use had been obtained. Those facts outweighed the revenue records, so the land was held not to be agricultural land at the time of sale and the surplus was taxable. en-us Tue, 14 Sep 1993 00:00:00 +0530 Fri, 17 Oct 2025 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5437 Land must be assessed on the totality of circumstances on the date of transfer to determine whether it is agricultural land for capital gains exemption. Revenue entries, past cultivation, land revenue payment, location, user, surrounding circumstances, intended use, and permissions for non-agricultural transfer are all relevant, but none is conclusive. Here, the land had not been cultivated for several years, was agreed to be sold to a housing society for building purposes, and was transferred after permission for such use had been obtained. Those facts outweighed the revenue records, so the land was held not to be agricultural land at the time of sale and the surplus was taxable. Case-Laws Income Tax Tue, 14 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5437