https://www.taxtmi.com/caselaws?id=393810 The appellate tribunal partially allowed the appeal, directing the calculation of long term capital gains based on the specific portion of land occupied by the rice mill. The judgment emphasized the importance of accurately assessing land use and its implications for tax treatment, aligning with legal precedents that highlight the relevance of revenue records in determining the agricultural classification of land for tax purposes. en-us Thu, 19 Mar 2020 00:00:00 +0530 Mon, 23 Mar 2020 12:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393810 The appellate tribunal partially allowed the appeal, directing the calculation of long term capital gains based on the specific portion of land occupied by the rice mill. The judgment emphasized the importance of accurately assessing land use and its implications for tax treatment, aligning with legal precedents that highlight the relevance of revenue records in determining the agricultural classification of land for tax purposes. Case-Laws Income Tax Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393810