https://www.taxtmi.com/caselaws?id=365269 SARFAESI exemption for agricultural land depends on the factual nature and character of the secured property at the time the security interest was created. Revenue records are not conclusive; the enquiry must consider the land's use, character, and the purpose for which it was set apart. Where the High Court does not return a finding on whether the land is agricultural in nature, the matter cannot be conclusively decided on that basis and requires fresh consideration. The stated principle is that applicability of the agricultural land exclusion turns on a totality-of-facts assessment, not on revenue classification alone. en-us Fri, 20 Jul 2018 00:00:00 +0530 Tue, 14 Aug 2018 07:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365269 SARFAESI exemption for agricultural land depends on the factual nature and character of the secured property at the time the security interest was created. Revenue records are not conclusive; the enquiry must consider the land's use, character, and the purpose for which it was set apart. Where the High Court does not return a finding on whether the land is agricultural in nature, the matter cannot be conclusively decided on that basis and requires fresh consideration. The stated principle is that applicability of the agricultural land exclusion turns on a totality-of-facts assessment, not on revenue classification alone. Case-Laws Indian Laws Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365269