Revision u/s 263 - deduction u/s 54B - transfer of agricultural ...

Case Laws Income Tax

July 4, 2019

Revision u/s 263 - deduction u/s 54B - transfer of agricultural land by Scheduled Caste person was prohibited under Land Reforms Act - when the transfer itself is prohibited then the alleged notarized agreement would not bring the case in the category of transfer of ownership without any formal deed of title even if consideration was paid and the possession was handed over - deduction not allowable - revision valid

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Revision u/s 263 - deduction u/s 54B - transfer of agricultural ...

Case Laws Income Tax

July 4, 2019

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