Unless and until the order of ITAT is reversed by High Court, the same has to be given due effect…
No Capital gain deduction u/s 54B for agricultural land purchased in the name of wife – High Court Exemption under…
Exemption u/s 54B denied for investment in agricultural land made in the name of wife. ITAT followed decision of jurisdictional…
Claim for exemption u/s 54B allowed though not made in the return of income. AO had disallowed claim as revised…
No exemption u/s 54B for purchase of agricultural land belonging to Scheduled Caste which cannot be transferred unless converted to…
Non-cultivation of land due to vagaries of nature will not change the character of land from agriculture to non- agricultural…
Exemption u/s 54B available even if part of land is in cultivation, there is no requirement that entire land should…
Deduction 54B for agricultural land purchased prior to sale deed allowed. Date of actual transfer or even purchase of new…
Deduction u/s 54B allowed for purchase of agricultural land in the name of son to avoid future family disputes relating…
Exemption u/s 54B-Use of land for agricultural purposes for full two years not necessary. Even if only Kharif crop was…