https://www.taxtmi.com/caselaws?id=471728 Classification of agricultural land as a capital asset depends on whether it was held as an investment or acquired and dealt with for trading. The resulting receipts may be assessed as capital gains or business income based on the overall facts and circumstances. The Supreme Court found no ground to interfere with the High Court's determination and dismissed the special leave petition. en-us Mon, 28 Mar 2022 00:00:00 +0530 Wed, 16 Sep 2026 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471728 Classification of agricultural land as a capital asset depends on whether it was held as an investment or acquired and dealt with for trading. The resulting receipts may be assessed as capital gains or business income based on the overall facts and circumstances. The Supreme Court found no ground to interfere with the High Court's determination and dismissed the special leave petition. Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471728