https://www.taxtmi.com/caselaws?id=37997 The High Court disagreed with the Tribunal's decision that leasing lands for mining automatically changed their agricultural character, emphasizing the importance of official records in determining land usage. It directed the Tribunal to reconsider the case, highlighting the presumption that land retains its agricultural character until proven otherwise. The Court instructed to exclude only non-agricultural portions from capital gains calculations and determine the portion of lands used for agriculture based on evidence of conversion. en-us Tue, 04 Apr 1978 00:00:00 +0530 Fri, 02 Apr 2010 14:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37997 The High Court disagreed with the Tribunal's decision that leasing lands for mining automatically changed their agricultural character, emphasizing the importance of official records in determining land usage. It directed the Tribunal to reconsider the case, highlighting the presumption that land retains its agricultural character until proven otherwise. The Court instructed to exclude only non-agricultural portions from capital gains calculations and determine the portion of lands used for agriculture based on evidence of conversion. Case-Laws Income Tax Tue, 04 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37997