https://www.taxtmi.com/caselaws?id=795055 Exemption for capital gains on transfer of agricultural land under Section 54B applies where the land was used for agricultural purposes during the two years before transfer and replacement agricultural land was acquired within the prescribed period. Agricultural use may be established through revenue and registration records, subsidy receipts, orchard photographs and prior accepted agricultural-income disclosures. Personal cultivation is not required: cultivation by local villagers or other third parties constitutes agricultural use. The absence of produce-sale or cultivation-expense bills does not negate consistent evidence of cultivation. Comparable acceptance of an identical claim involving the same survey land may support the factual position where no material distinction exists. en-us Wed, 25 Mar 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795055 Exemption for capital gains on transfer of agricultural land under Section 54B applies where the land was used for agricultural purposes during the two years before transfer and replacement agricultural land was acquired within the prescribed period. Agricultural use may be established through revenue and registration records, subsidy receipts, orchard photographs and prior accepted agricultural-income disclosures. Personal cultivation is not required: cultivation by local villagers or other third parties constitutes agricultural use. The absence of produce-sale or cultivation-expense bills does not negate consistent evidence of cultivation. Comparable acceptance of an identical claim involving the same survey land may support the factual position where no material distinction exists. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795055