https://www.taxtmi.com/caselaws?id=37733 The expression "held by an assessee" in section 2(4A) of the Indian Income-tax Act, 1922 is broad enough to include physical, constructive and symbolic possession, not merely actual possession. Land used for agricultural purposes retained its agricultural character despite temporary loss of physical possession through requisition, where agricultural use and agricultural income continued. As land from which agricultural income is derived is excluded from the category of capital asset, compensation received on its acquisition was outside capital gains tax. en-us Thu, 29 Sep 1977 00:00:00 +0530 Wed, 31 Mar 2010 17:04:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37733 The expression "held by an assessee" in section 2(4A) of the Indian Income-tax Act, 1922 is broad enough to include physical, constructive and symbolic possession, not merely actual possession. Land used for agricultural purposes retained its agricultural character despite temporary loss of physical possession through requisition, where agricultural use and agricultural income continued. As land from which agricultural income is derived is excluded from the category of capital asset, compensation received on its acquisition was outside capital gains tax. Case-Laws Income Tax Thu, 29 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37733