https://www.taxtmi.com/caselaws?id=346558 The High Court dismissed the appeal, affirming that the land sold was agricultural and exempt from capital gains tax. The Court held that the evidence supported agricultural activities on the land, meeting the criteria under the Income Tax Act. It emphasized that the question of whether land is agricultural is factual and not open to re-analysis unless involving a substantial question of law, which was not found in this case. The Court applied established criteria for determining substantial questions of law and concluded that the Revenue's arguments did not meet these standards. en-us Wed, 02 Aug 2017 00:00:00 +0530 Fri, 18 Aug 2017 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346558 The High Court dismissed the appeal, affirming that the land sold was agricultural and exempt from capital gains tax. The Court held that the evidence supported agricultural activities on the land, meeting the criteria under the Income Tax Act. It emphasized that the question of whether land is agricultural is factual and not open to re-analysis unless involving a substantial question of law, which was not found in this case. The Court applied established criteria for determining substantial questions of law and concluded that the Revenue's arguments did not meet these standards. Case-Laws Income Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346558