Taxpayer Responsible to Prove Land’s Agricultural Status to Claim Capital Gains Tax Exemption: Kerala HC

The Kerala High Court has ruled that a taxpayer is responsible for proving the agricultural status of land to claim capital gains tax exemption. This decision clarifies the burden of proof in cases where taxpayers claim exemptions on capital gains from the sale of agricultural land. The ruling emphasizes the importance of providing sufficient evidence to support such claims. This judgement puts the responsibility on the taxpayers.