https://www.taxtmi.com/caselaws?id=9579 Land shown in revenue records as garden land, actually used for /agricultural purposes, with land revenue paid and no non-agricultural permission obtained, was treated as agricultural land outside the definition of capital asset under the Income-tax Act. The Court reiterated that the character of land is ly a question of fact to be determined on cumulative appreciation of relevant circumstances, and that sale price, surrounding development, or sale on a square-metre basis are not decisive by themselves. As the Tribunal's finding was evidence-based and not perverse, no substantial question of law arose under section 260A and the Revenue could not secure interference. en-us Wed, 23 Mar 2005 00:00:00 +0530 Tue, 03 Oct 2017 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9579 Land shown in revenue records as garden land, actually used for /agricultural purposes, with land revenue paid and no non-agricultural permission obtained, was treated as agricultural land outside the definition of capital asset under the Income-tax Act. The Court reiterated that the character of land is ly a question of fact to be determined on cumulative appreciation of relevant circumstances, and that sale price, surrounding development, or sale on a square-metre basis are not decisive by themselves. As the Tribunal's finding was evidence-based and not perverse, no substantial question of law arose under section 260A and the Revenue could not secure interference. Case-Laws Income Tax Wed, 23 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9579