https://www.taxtmi.com/caselaws?id=10875 The dominant issue was entitlement to exemption under s.54B for capital gains on sale of land, specifically whether the statutory condition requiring use of the land for agricultural purposes was satisfied. The HC held that s.54B relief is available on transfer of a capital asset being land, and the Department could not, without evidence, dispute agricultural use after assessing income; in any event, the Tribunal's finding that the land was used for agricultural purposes was supported by cogent material and revenue records. Consequently, objections that the land lay in a commercial area, was partly put to non-agricultural use, or was purchased for non-agricultural purposes were irrelevant. The appeal was dismissed in limine as raising no substantial question of law. en-us Wed, 22 May 2002 00:00:00 +0530 Tue, 30 Dec 2025 10:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10875 The dominant issue was entitlement to exemption under s.54B for capital gains on sale of land, specifically whether the statutory condition requiring use of the land for agricultural purposes was satisfied. The HC held that s.54B relief is available on transfer of a capital asset being land, and the Department could not, without evidence, dispute agricultural use after assessing income; in any event, the Tribunal's finding that the land was used for agricultural purposes was supported by cogent material and revenue records. Consequently, objections that the land lay in a commercial area, was partly put to non-agricultural use, or was purchased for non-agricultural purposes were irrelevant. The appeal was dismissed in limine as raising no substantial question of law. Case-Laws Income Tax Wed, 22 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10875