https://www.taxtmi.com/caselaws?id=350059 The High Court upheld the Tribunal's decision, denying the appellant the benefit of exemption under Section 10(37) of the Income Tax Act for agricultural land transfer compensation. The Court agreed with the Tribunal's findings that there was insufficient evidence of agricultural use of the land in the two years preceding the transfer, including the lack of proof of agricultural activities and irrigation facilities. Consequently, the appeal was dismissed in favor of the department, affirming the lower authorities' decisions. en-us Mon, 23 Oct 2017 00:00:00 +0530 Mon, 30 Oct 2017 08:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350059 The High Court upheld the Tribunal's decision, denying the appellant the benefit of exemption under Section 10(37) of the Income Tax Act for agricultural land transfer compensation. The Court agreed with the Tribunal's findings that there was insufficient evidence of agricultural use of the land in the two years preceding the transfer, including the lack of proof of agricultural activities and irrigation facilities. Consequently, the appeal was dismissed in favor of the department, affirming the lower authorities' decisions. Case-Laws Income Tax Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350059