https://www.taxtmi.com/caselaws?id=773832 The HC upheld ITAT's finding that land sold by assessee was agricultural in nature. Despite AO's contention that land was barren with limited irrigation, ITAT correctly relied on revenue records classifying land as agricultural, location 8 kms from municipality, electricity subsidy receipts, soil test reports, and agricultural income/expense receipts. The village population was under 1600 and land was classified as "Punjai" wet land. Revenue authorities failed to rebut documentary evidence but merely assumed commercial potential based on location. ITAT's factual determination that assessee established agricultural nature of land was proper, as revenue provided no adverse material to contradict the classification. en-us Tue, 24 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773832 The HC upheld ITAT's finding that land sold by assessee was agricultural in nature. Despite AO's contention that land was barren with limited irrigation, ITAT correctly relied on revenue records classifying land as agricultural, location 8 kms from municipality, electricity subsidy receipts, soil test reports, and agricultural income/expense receipts. The village population was under 1600 and land was classified as "Punjai" wet land. Revenue authorities failed to rebut documentary evidence but merely assumed commercial potential based on location. ITAT's factual determination that assessee established agricultural nature of land was proper, as revenue provided no adverse material to contradict the classification. Case-Laws Income Tax Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773832