Deduction u/s 54B - part of land was not cultivable- Sec.54B ...

Partial Land Use Qualifies for Section 54B Deduction: Cultivation of Any Portion Sufficient for Tax Benefit Eligibility.

July 19, 2019

Case Laws Income Tax AT

Deduction u/s 54B - part of land was not cultivable- Sec.54B does not specify that the entire land should be used for cultivation, if any part of the land is under cultivation for two years immediately two preceding years prior to the date of transfer, it would be sufficient to claim benefit u/s 54B.

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Deduction u/s 54B - part of land was not cultivable- Sec.54B ...

Partial Land Use Qualifies for Section 54B Deduction: Cultivation of Any Portion Sufficient for Tax Benefit Eligibility.

July 19, 2019

Case Laws Income Tax AT

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