https://www.taxtmi.com/caselaws?id=69744 The Appellate Tribunal ITAT Madras-B held that the assessee was entitled to relief under section 54B of the Income Tax Act, 1961. The Tribunal emphasized that the key requirement for the relief was the actual use of the land for agricultural purposes by the assessee or a parent, regardless of ownership structures like Hindu Undivided Family (HUF). The Tribunal rejected the Revenue's argument that joint ownership by the assessee and his father should be disregarded. The Tribunal affirmed the Appellate Assistant Commissioner's decision, stating that the relief was correctly granted as the lands were actively cultivated by the assessee and his parent, dismissing the Revenue's appeal. en-us Mon, 21 Apr 1980 00:00:00 +0530 Mon, 11 Apr 2011 18:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69744 The Appellate Tribunal ITAT Madras-B held that the assessee was entitled to relief under section 54B of the Income Tax Act, 1961. The Tribunal emphasized that the key requirement for the relief was the actual use of the land for agricultural purposes by the assessee or a parent, regardless of ownership structures like Hindu Undivided Family (HUF). The Tribunal rejected the Revenue's argument that joint ownership by the assessee and his father should be disregarded. The Tribunal affirmed the Appellate Assistant Commissioner's decision, stating that the relief was correctly granted as the lands were actively cultivated by the assessee and his parent, dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 21 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69744