https://www.taxtmi.com/caselaws?id=39141 Whether land qualifies as agricultural land under section 2(e)(i) of the Wealth-tax Act, 1957 depends on its real nature and character as shown by the totality of circumstances, not the owner's intention alone. Actual agricultural use may provide prima facie evidence, but that presumption is displaced where the land has in substance been converted for non-agricultural development. Here, non-agricultural permission had been obtained, the land was plotted out, portions were sold for residential construction, it lay within municipal limits and was surrounded by developed properties, and the agricultural use was only temporary pending sale. The land had therefore ceased to be agricultural and remained taxable. en-us Tue, 04 Jul 1972 00:00:00 +0530 Tue, 13 Apr 2010 12:04:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39141 Whether land qualifies as agricultural land under section 2(e)(i) of the Wealth-tax Act, 1957 depends on its real nature and character as shown by the totality of circumstances, not the owner's intention alone. Actual agricultural use may provide prima facie evidence, but that presumption is displaced where the land has in substance been converted for non-agricultural development. Here, non-agricultural permission had been obtained, the land was plotted out, portions were sold for residential construction, it lay within municipal limits and was surrounded by developed properties, and the agricultural use was only temporary pending sale. The land had therefore ceased to be agricultural and remained taxable. Case-Laws Wealth-tax Tue, 04 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39141