https://www.taxtmi.com/caselaws?id=29301 Capital gains treatment of land depends on the totality of circumstances: location within municipal limits, surrounding development, intended use, sale to a non-agriculturist for construction, nominal cultivation, and relative sale price may show the land is non-agricultural, while revenue entries and land revenue assessment are not decisive. A respondent may support the assessment on any legal ground touching the same subject-matter, even if that ground was not raised earlier, where no new factual enquiry is needed. For section 47(viii), the operative transfer date is the date of execution of the sale deed once registration is completed, not the later registration record date. en-us Mon, 17 Aug 1981 00:00:00 +0530 Fri, 12 Mar 2010 10:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29301 Capital gains treatment of land depends on the totality of circumstances: location within municipal limits, surrounding development, intended use, sale to a non-agriculturist for construction, nominal cultivation, and relative sale price may show the land is non-agricultural, while revenue entries and land revenue assessment are not decisive. A respondent may support the assessment on any legal ground touching the same subject-matter, even if that ground was not raised earlier, where no new factual enquiry is needed. For section 47(viii), the operative transfer date is the date of execution of the sale deed once registration is completed, not the later registration record date. Case-Laws Income Tax Mon, 17 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29301