News & Media 19th Mar 2025
The Kerala High Court recently held that the burden of proof is on the taxpayer to show that he/she is entitled to capital gains tax exemption in case gains derived from the sale of land are claimed to be agricultural land. The authorities must decide whether the land is agricultural in nature based on evidence placed on record by the taxpayer.
To shed light on this issue, Business Standard’s Ayush Mishra writes on “Taxpayer must prove land’s agricultural status for capital gains relief: HC” with comments from our Partner Rahul Charkha.
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