The assessee was holding rural dry land near mining zone quarry , which he sold to a mining company,  sdv is approx 45 lkh and sale consideration 2.25cr. after the purchase within a short span of time the company convert the land to NALA , as per the board resolution the said land is used for quarrying activities,,,,   pls suggest tax applicability whether it is to treated as capital asset of not ,, also refer case law in favour and against the revenues