https://www.taxtmi.com/caselaws?id=799926 Agricultural-land exclusion from capital-gains taxation requires the taxpayer to establish actual agricultural use through cogent evidence; revenue records, acreage descriptions, or unsupported claims are insufficient. Section 50C permits adoption of the stamp valuation applicable to the same property and transfer where declared consideration is lower. Reference to the Departmental Valuation Officer is not required unless the taxpayer claims before the Assessing Officer that stamp value exceeds fair market value. Stamp-value computation must be confined to the verified extent actually transferred. Natural-justice objections fail where notice, participation, opportunity to respond, and appellate verification are available. A limited-scrutiny jurisdiction objection requires material showing examination of a wholly unconnected issue. en-us Thu, 17 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799926 Agricultural-land exclusion from capital-gains taxation requires the taxpayer to establish actual agricultural use through cogent evidence; revenue records, acreage descriptions, or unsupported claims are insufficient. Section 50C permits adoption of the stamp valuation applicable to the same property and transfer where declared consideration is lower. Reference to the Departmental Valuation Officer is not required unless the taxpayer claims before the Assessing Officer that stamp value exceeds fair market value. Stamp-value computation must be confined to the verified extent actually transferred. Natural-justice objections fail where notice, participation, opportunity to respond, and appellate verification are available. A limited-scrutiny jurisdiction objection requires material showing examination of a wholly unconnected issue. Case-Laws Income Tax Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799926