https://www.taxtmi.com/caselaws?id=8453 For agricultural income-tax exemption, land is "held" only where it remains lawfully owned; mere physical possession of agricultural land exceeding the statutory ceiling does not constitute holding as owner. Land rendered incapable of lawful ownership after the Land Reforms Act takes effect cannot be treated as held during the relevant financial year for applying the proviso to section 10(1) of the Agricultural Income-tax Act. Equating continued possession of excess land with ownership wrongly denies the exemption and also undermines refusal to reconsider a composition assessment under section 65(9). The assessment requires reconsideration in accordance with law. en-us Tue, 23 Nov 1971 00:00:00 +0530 Wed, 15 Apr 2009 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8453 For agricultural income-tax exemption, land is "held" only where it remains lawfully owned; mere physical possession of agricultural land exceeding the statutory ceiling does not constitute holding as owner. Land rendered incapable of lawful ownership after the Land Reforms Act takes effect cannot be treated as held during the relevant financial year for applying the proviso to section 10(1) of the Agricultural Income-tax Act. Equating continued possession of excess land with ownership wrongly denies the exemption and also undermines refusal to reconsider a composition assessment under section 65(9). The assessment requires reconsideration in accordance with law. Case-Laws Income Tax Tue, 23 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8453