https://www.taxtmi.com/caselaws?id=799659 Commercial shop-cum-office premises do not count as a residential house when applying the ownership condition for capital-gains exemption on investment in a new residential property; the exemption remains available subject to the remaining statutory conditions. Agricultural land purchased for reinvestment relief does not lose its agricultural character merely because it is situated in an urban area. Where purchase deeds and other evidence establish the agricultural nature of the land and eligible investment, the deduction is available to that extent. Capital-gains claims must therefore be computed on the verified eligible investments. en-us Tue, 01 Sep 2026 00:00:00 +0530 Wed, 14 Oct 2026 16:01:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799659 Commercial shop-cum-office premises do not count as a residential house when applying the ownership condition for capital-gains exemption on investment in a new residential property; the exemption remains available subject to the remaining statutory conditions. Agricultural land purchased for reinvestment relief does not lose its agricultural character merely because it is situated in an urban area. Where purchase deeds and other evidence establish the agricultural nature of the land and eligible investment, the deduction is available to that extent. Capital-gains claims must therefore be computed on the verified eligible investments. Case-Laws Income Tax Tue, 01 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799659