https://www.taxtmi.com/caselaws?id=37541 Actual agricultural user, supported by revenue records, gave rise to a presumption that the land retained its agricultural character on the date of sale. The High Court held that this presumption was not displaced by the land's high market value, its potential for non-agricultural use, or the fact that conversion to non-agricultural use occurred only after the sale. Permission under section 63 of the Bombay Tenancy and Agricultural Lands Act, 1948, obtained because the purchaser was a non-agriculturist, did not alter the character of the land at the relevant time. The Tribunal was therefore wrong in treating the land as non-agricultural, and the reference was answered in favour of the assessee. en-us Wed, 31 Jan 1979 00:00:00 +0530 Tue, 30 Mar 2010 13:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37541 Actual agricultural user, supported by revenue records, gave rise to a presumption that the land retained its agricultural character on the date of sale. The High Court held that this presumption was not displaced by the land's high market value, its potential for non-agricultural use, or the fact that conversion to non-agricultural use occurred only after the sale. Permission under section 63 of the Bombay Tenancy and Agricultural Lands Act, 1948, obtained because the purchaser was a non-agriculturist, did not alter the character of the land at the relevant time. The Tribunal was therefore wrong in treating the land as non-agricultural, and the reference was answered in favour of the assessee. Case-Laws Income Tax Wed, 31 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37541