https://www.taxtmi.com/highlights?id=54652 Nature of land sold - Agricultural land or capital asset - Though the circumstance that the land is classified as Agricultural in the revenue records is in favour of the assessee, in our view, the other circumstances pointed out above outweighs all of the circumstances in favour of the Assessee and on the basis of those circumstances, we are inclined to conclude that the property was not an agricultural land. - AT en-us Mon, 07 Sep 2020 10:10:27 +0530 Mon, 07 Sep 2020 10:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54652 Nature of land sold - Agricultural land or capital asset - Though the circumstance that the land is classified as Agricultural in the revenue records is in favour of the assessee, in our view, the other circumstances pointed out above outweighs all of the circumstances in favour of the Assessee and on the basis of those circumstances, we are inclined to conclude that the property was not an agricultural land. - AT Highlights Income Tax Mon, 07 Sep 2020 10:10:27 +0530 https://www.taxtmi.com/highlights?id=54652