https://www.taxtmi.com/caselaws?id=796569 Additional evidence on the land's distance and agricultural character is relevant to whether it falls within the definition of a capital asset under the Income-tax Act. The purchase deed and valuation report described the land as agricultural, while the distance certificate required verification. The material was admitted for limited verification, with the Assessing Officer required to determine the land's nature in accordance with law after giving the assessee an opportunity of hearing. en-us Mon, 19 Jan 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796569 Additional evidence on the land's distance and agricultural character is relevant to whether it falls within the definition of a capital asset under the Income-tax Act. The purchase deed and valuation report described the land as agricultural, while the distance certificate required verification. The material was admitted for limited verification, with the Assessing Officer required to determine the land's nature in accordance with law after giving the assessee an opportunity of hearing. Case-Laws Income Tax Mon, 19 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796569