Exemption u/s 54B - Since the land sold has been proven to be ...

Assessee qualifies for tax exemption u/s 54B; agricultural land sold and purchased within required timeframe.

March 11, 2023

Case Laws Income Tax AT

Exemption u/s 54B - Since the land sold has been proven to be used for agriculture purpose in the preceding two years and the land purchased by the assessee has been proved to be agriculture land and the purchase has taken place within the stipulated period allowed by the Income Tax Act, 1961, we hold that the assessee is eligible for claim of exemption u/s 54B - AT

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Exemption u/s 54B - Since the land sold has been proven to be ...

Assessee qualifies for tax exemption u/s 54B; agricultural land sold and purchased within required timeframe.

March 11, 2023

Case Laws Income Tax AT

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