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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Compulsory acquisition of agricultural land - Potential use of ...

Income Tax

March 5, 2015

Compulsory acquisition of agricultural land - Potential use of the land as nonagricultural land is totally immaterial. Entries in the record of rights are good prima facie evidence regarding land being agricultural and if the presumption raised either from actual user of the land or from entries in revenue records is to be rebutted, there must be material on the record to rebut the presumption - AT

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