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2018 (6) TMI 270 - AT - Income TaxLong term capital gains on sale of land - nature of land - Whether the land sold was agricultural land? - Held that:- Whether the land is agricultural bear mainly on the nature or character of the land, and not merely on the actual user - assessee has no intention to do any agricultural operation in impugned land - thus it appears that assessee did not file any explanation before A.O. that property in question is agricultural land - decision of the Hon'ble Supreme Court in the case of Sarifabibi Mohmed Ibrahim (1993 (9) TMI 10 - SUPREME Court) squarely apply to the facts of the case - thus there is no merit in appeal of assessee hence dismissed.
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