Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The ITAT upheld the CIT(A)'s decision allowing deductions under section 54B to the appellant. The Tribunal found that Khasra Girdawari records for Samvat 2074-2077 substantiated the appellant's claim that the transferred land was used for agricultural activities during the two years immediately preceding its sale. The records showed that the appellant and his brother, as joint Khatedars, had cultivated Bajra crops on 0.69 hectares of land during Samvat 2075-2077. As the Revenue failed to produce contradictory evidence against these official agricultural records, the ITAT confirmed the appellant's eligibility for section 54B deductions.
The ITAT upheld the CIT(A)'s decision allowing deductions under section 54B to the appellant. The Tribunal found that Khasra Girdawari records for Samvat 2074-2077 substantiated the appellant's claim that the transferred land was used for agricultural activities during the two years immediately preceding its sale. The records showed that the appellant and his brother, as joint Khatedars, had cultivated Bajra crops on 0.69 hectares of land during Samvat 2075-2077. As the Revenue failed to produce contradictory evidence against these official agricultural records, the ITAT confirmed the appellant's eligibility for section 54B deductions.
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