https://www.taxtmi.com/caselaws?id=26096 Sale proceeds from land were treated as outside capital gains tax because the land was found, on the facts, to be agricultural land. On that basis, the transfer did not attract section 45 of the Income-tax Act, 1961, and the exclusion of the amount from total income was considered lawful and proper. en-us Fri, 12 Apr 1985 00:00:00 +0530 Tue, 02 Feb 2010 17:06:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26096 Sale proceeds from land were treated as outside capital gains tax because the land was found, on the facts, to be agricultural land. On that basis, the transfer did not attract section 45 of the Income-tax Act, 1961, and the exclusion of the amount from total income was considered lawful and proper. Case-Laws Income Tax Fri, 12 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26096