https://www.taxtmi.com/caselaws?id=19035 Section 54B exemption for gain on sale of agricultural land was denied because the assessee failed to prove that the land was actually used for agricultural purposes or that any agricultural income arose from it. The Tribunal treated the absence of proof of agricultural use as a finding of fact, and the explanation of adverse possession and intended agricultural use was not accepted. On that factual basis, the statutory benefit under section 54B could not be extended, and the exemption claim was rejected. en-us Thu, 08 Dec 1994 00:00:00 +0530 Tue, 03 Nov 2009 15:13:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19035 Section 54B exemption for gain on sale of agricultural land was denied because the assessee failed to prove that the land was actually used for agricultural purposes or that any agricultural income arose from it. The Tribunal treated the absence of proof of agricultural use as a finding of fact, and the explanation of adverse possession and intended agricultural use was not accepted. On that factual basis, the statutory benefit under section 54B could not be extended, and the exemption claim was rejected. Case-Laws Income Tax Thu, 08 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19035