https://www.taxtmi.com/caselaws?id=395590 The Tribunal allowed two appeals and dismissed one, determining that the land in question was agricultural. The decision highlighted the significance of documentary evidence, consistent income declarations, and legal land classification for tax purposes. The Tribunal ruled that if agricultural operations were conducted on the land until the sale and it was registered as agricultural in revenue records, the gains from the sale would be exempt from capital gains tax. en-us Tue, 26 May 2020 00:00:00 +0530 Fri, 29 May 2020 11:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395590 The Tribunal allowed two appeals and dismissed one, determining that the land in question was agricultural. The decision highlighted the significance of documentary evidence, consistent income declarations, and legal land classification for tax purposes. The Tribunal ruled that if agricultural operations were conducted on the land until the sale and it was registered as agricultural in revenue records, the gains from the sale would be exempt from capital gains tax. Case-Laws Income Tax Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395590