Land Retains Agricultural Status Despite Previous Non-Use: Section 2(14) Clarifies Capital Asset vs. Agricultural Land Criteria.

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....Nature of land sold - capital asset u/s 2(14) or agricultural land - If the previous owner did not carry out agricultural activity on an agricultural land, however did not alter or change its nature and character, but the subsequent owner of land starts the agricultural activity on the said land, under the circumstances, it can be safely held that the land remains the agricultural land and has not lost its original characteristic. - AT....