https://www.taxtmi.com/caselaws?id=29582 For capital gains purposes, the character of land must be determined by its real nature on the date of sale, assessed on the totality of circumstances rather than revenue entries alone. The Gujarat HC noted that urban location, proximity to development, sale to a non-agriculturist for a housing project on a per square yard basis, long absence of substantial cultivation, prior conversion of part of the holding, and permission for sale to a housing society pointed to non-agricultural use. Revenue records, lack of formal conversion, and earlier agricultural use were insufficient to displace those stronger indicators. The land was therefore not agricultural land within section 2(14), and the capital gains on sale were taxable. en-us Fri, 17 Apr 1981 00:00:00 +0530 Sat, 13 Mar 2010 18:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29582 For capital gains purposes, the character of land must be determined by its real nature on the date of sale, assessed on the totality of circumstances rather than revenue entries alone. The Gujarat HC noted that urban location, proximity to development, sale to a non-agriculturist for a housing project on a per square yard basis, long absence of substantial cultivation, prior conversion of part of the holding, and permission for sale to a housing society pointed to non-agricultural use. Revenue records, lack of formal conversion, and earlier agricultural use were insufficient to displace those stronger indicators. The land was therefore not agricultural land within section 2(14), and the capital gains on sale were taxable. Case-Laws Income Tax Fri, 17 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29582