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Income Tax - Highlights / Catch Notes

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Deduction u/s. 54B - agricultural land which is purchased prior ...


Tax Deduction Denied: Purchase of New Agricultural Land Must Follow Sale of Original Land u/s 54B.

September 12, 2022

Case Laws     Income Tax     AT

Deduction u/s. 54B - agricultural land which is purchased prior to the sale of agricultural land - the assessee is not entitled to claim deduction u/s. 54B of the Act for the agricultural land which is purchased prior to the sale of agricultural land. - AT

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