https://www.taxtmi.com/caselaws?id=797605 Agricultural-land exclusion from capital gains depends on the land's recorded status, contractual description, actual use and intended use at transfer. Land described in registered instruments as industrial-purpose, recorded as uncultivated and acquired for non-agricultural use may be treated as a capital asset rather than excluded agricultural land. Reinvestment relief under Section 54B requires fulfilment of the prescribed agricultural-use conditions, including use of the transferred land for agriculture during the relevant preceding period. An unchallenged revision order cannot be collaterally contested in proceedings concerning the consequential assessment. en-us Mon, 24 Aug 2026 00:00:00 +0530 Tue, 25 Aug 2026 08:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797605 Agricultural-land exclusion from capital gains depends on the land's recorded status, contractual description, actual use and intended use at transfer. Land described in registered instruments as industrial-purpose, recorded as uncultivated and acquired for non-agricultural use may be treated as a capital asset rather than excluded agricultural land. Reinvestment relief under Section 54B requires fulfilment of the prescribed agricultural-use conditions, including use of the transferred land for agriculture during the relevant preceding period. An unchallenged revision order cannot be collaterally contested in proceedings concerning the consequential assessment. Case-Laws Income Tax Mon, 24 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797605