Actual agricultural activity isn’t crucial in determining land as agricultural: Bombay HC

Ashok Chaganlal Thakkar Vs National Faceless Assessment Centre (Bombay High Court) In the recent case of Ashok Chaganlal Thakkar Vs National Faceless Assessment Centre, the Bombay High Court addressed the crucial question of whether actual agricultural operations are necessary for land classification. This comprehensive analysis delves into the judgment’s implications and interpretations. The petitioner, having sold parcels of land in Taluka Karjat, District Raigad, faced scrutiny under the Income Tax Act of 1961. Despite arguments that the land qualified as rural agricultural land under...