https://www.taxtmi.com/caselaws?id=29382 The High Court affirmed that the land sold by the assessee, which was made suitable for tea cultivation through human labor and skill, qualified as agricultural land under the Income Tax Act. The Court agreed with the Tribunal's determination that the land's capability for agricultural operations was the crucial factor, not the current existence of such operations. Consequently, the profit from the land sale was not treated as capital gains, favoring the assessee in the case. en-us Wed, 08 Jul 1981 00:00:00 +0530 Fri, 12 Mar 2010 15:09:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29382 The High Court affirmed that the land sold by the assessee, which was made suitable for tea cultivation through human labor and skill, qualified as agricultural land under the Income Tax Act. The Court agreed with the Tribunal's determination that the land's capability for agricultural operations was the crucial factor, not the current existence of such operations. Consequently, the profit from the land sale was not treated as capital gains, favoring the assessee in the case. Case-Laws Income Tax Wed, 08 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29382