https://www.taxtmi.com/caselaws?id=6483 For wealth-tax purposes, land is excluded as agricultural land only if its condition, actual use or intended use shows a real agricultural nexus; mere capability for agricultural use is insufficient. The Court held that the exemption must be proved by the assessee, and revenue entries create only a rebuttable prima facie presumption that cannot displace the factual inquiry into user and intention. Because the lower court applied an overly broad test, the matter was remitted for fresh factual determination on the correct legal principles, with opportunity for further evidence. en-us Fri, 06 Aug 1976 00:00:00 +0530 Sat, 09 Jun 2018 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6483 For wealth-tax purposes, land is excluded as agricultural land only if its condition, actual use or intended use shows a real agricultural nexus; mere capability for agricultural use is insufficient. The Court held that the exemption must be proved by the assessee, and revenue entries create only a rebuttable prima facie presumption that cannot displace the factual inquiry into user and intention. Because the lower court applied an overly broad test, the matter was remitted for fresh factual determination on the correct legal principles, with opportunity for further evidence. Case-Laws Wealth-tax Fri, 06 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6483