https://www.taxtmi.com/caselaws?id=26568 Revenue records are not conclusive in deciding whether land is agricultural for capital gains purposes under the Income-tax Act, 1961. Where the land was never shown to have been used for agricultural operations and was in fact used for film shooting and other non-agricultural purposes, the surrounding circumstances and the intention behind its use indicated a non-agricultural character. On those facts, the balance 13,200 square yards was treated as non-agricultural land, and the surplus on sale was assessable as capital gains in favour of the Revenue. en-us Tue, 24 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 11:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26568 Revenue records are not conclusive in deciding whether land is agricultural for capital gains purposes under the Income-tax Act, 1961. Where the land was never shown to have been used for agricultural operations and was in fact used for film shooting and other non-agricultural purposes, the surrounding circumstances and the intention behind its use indicated a non-agricultural character. On those facts, the balance 13,200 square yards was treated as non-agricultural land, and the surplus on sale was assessable as capital gains in favour of the Revenue. Case-Laws Income Tax Tue, 24 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26568