https://www.taxtmi.com/caselaws?id=791692 Exemption under section 54B depends on proof that the land was actually used for agricultural purposes during the two years immediately before transfer, not merely on its classification in revenue records. Revised 7/12 extracts or corrected revenue entries may support a presumption, but they are not conclusive without corroborating evidence such as crop sale bills, seed or fertiliser invoices, labour records, or similar material showing cultivation. On the facts, the assessee failed to rebut the remand report or produce credible evidence of agricultural operations, so reliance on corrected revenue records alone was insufficient and the exemption claim remained denied. en-us Tue, 12 May 2026 00:00:00 +0530 Fri, 15 May 2026 09:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791692 Exemption under section 54B depends on proof that the land was actually used for agricultural purposes during the two years immediately before transfer, not merely on its classification in revenue records. Revised 7/12 extracts or corrected revenue entries may support a presumption, but they are not conclusive without corroborating evidence such as crop sale bills, seed or fertiliser invoices, labour records, or similar material showing cultivation. On the facts, the assessee failed to rebut the remand report or produce credible evidence of agricultural operations, so reliance on corrected revenue records alone was insufficient and the exemption claim remained denied. Case-Laws Income Tax Tue, 12 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791692