The Income Tax Appellate Tribunal (ITAT), Pune has held that the provisions of Section 54B of the Income Tax Act cannot be denied for the reason that the entire agricultural land should be used for cultivation for claiming benefit under such provision. The assessee sold agricultural land at Gut No.247 at Titoli for Rs.50 lakhs […]
The post Deduction can’t be denied on ground that Entire Agricultural Land not used for Cultivation: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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