https://www.taxtmi.com/caselaws?id=365283 Land sold through a registered sale deed after land-use conversion ceased to retain agricultural character, so it fell within the definition of capital asset under section 2(14) of the Income-tax Act, 1961. Earlier revenue records and an uncompleted agreement to sell were insufficient to override the later legal position reflected in the registered conveyance and conversion order. The land was therefore assessable as a capital asset, and the long-term capital gain addition was sustained. en-us Fri, 10 Aug 2018 00:00:00 +0530 Tue, 14 Aug 2018 07:44:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365283 Land sold through a registered sale deed after land-use conversion ceased to retain agricultural character, so it fell within the definition of capital asset under section 2(14) of the Income-tax Act, 1961. Earlier revenue records and an uncompleted agreement to sell were insufficient to override the later legal position reflected in the registered conveyance and conversion order. The land was therefore assessable as a capital asset, and the long-term capital gain addition was sustained. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365283