https://www.taxtmi.com/caselaws?id=460272 Transfers of agricultural land made during the relevant period were disregarded under section 7(1) because the transferor did not discharge the statutory burden of proving that the sales were not made in anticipation of, or to avoid or defeat, the ceiling law. Mere genuineness or bona fides of the transactions was insufficient. The surrounding circumstances, including clustered sales, close connections between transferors and purchasers, and the absence of contemporaneous necessity for industrial expansion, supported the inference of an evasive transfer. The transfers were therefore ignored for ceiling computation, and the finding that they were intended to defeat the Act was upheld. en-us Mon, 24 Oct 1994 00:00:00 +0530 Fri, 17 Jan 2025 18:06:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460272 Transfers of agricultural land made during the relevant period were disregarded under section 7(1) because the transferor did not discharge the statutory burden of proving that the sales were not made in anticipation of, or to avoid or defeat, the ceiling law. Mere genuineness or bona fides of the transactions was insufficient. The surrounding circumstances, including clustered sales, close connections between transferors and purchasers, and the absence of contemporaneous necessity for industrial expansion, supported the inference of an evasive transfer. The transfers were therefore ignored for ceiling computation, and the finding that they were intended to defeat the Act was upheld. Case-Laws Indian Laws Mon, 24 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460272