https://www.taxtmi.com/caselaws?id=766111 Whether sale proceeds of land were taxable as capital gains rather than exempt agricultural income turned on classification of the land. Authorities evaluated documentary and on record material and found the assessee had not used the property for agricultural purposes; those factual findings were sustained. The High Court in appeal under the appellate provision refused to reappraise sufficiency of evidence, holding the findings of fact were supported by adequate material and dismissing the challenge to the capital asset treatment. A cited precedent distinguishing partial cultivation was considered but did not alter the outcome. en-us Thu, 13 Feb 2025 00:00:00 +0530 Tue, 10 Feb 2026 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766111 Whether sale proceeds of land were taxable as capital gains rather than exempt agricultural income turned on classification of the land. Authorities evaluated documentary and on record material and found the assessee had not used the property for agricultural purposes; those factual findings were sustained. The High Court in appeal under the appellate provision refused to reappraise sufficiency of evidence, holding the findings of fact were supported by adequate material and dismissing the challenge to the capital asset treatment. A cited precedent distinguishing partial cultivation was considered but did not alter the outcome. Case-Laws Income Tax Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766111