Why some netas have the most productive agri land

Over the past few weeks, we have been reading much about large gains made by politicians and their relatives from dealings in land over a short period of time. One reads about land purchased for very low valuation and sold within a year or two at a significantly higher valuation. A question that arises is whether such income has been subjected to tax, or whether it has escaped tax altogether. What is the tax impact of such transactions in land?

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