https://www.taxtmi.com/caselaws?id=257250 The Tribunal set aside the disallowance of exemption under section 54B of the I.T. Act, noting the Assessing Officer's failure to adequately investigate the agricultural nature of the land. Additionally, the Tribunal directed a re-investigation into the unexplained investment under section 69, criticizing the Assessing Officer's negligent conduct and lack of thorough examination. The appellant was granted the chance to provide further evidence. The appeal was allowed for statistical purposes, emphasizing the importance of comprehensive assessment by the Assessing Officer. en-us Fri, 25 Jul 2014 00:00:00 +0530 Sat, 07 Mar 2015 05:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257250 The Tribunal set aside the disallowance of exemption under section 54B of the I.T. Act, noting the Assessing Officer's failure to adequately investigate the agricultural nature of the land. Additionally, the Tribunal directed a re-investigation into the unexplained investment under section 69, criticizing the Assessing Officer's negligent conduct and lack of thorough examination. The appellant was granted the chance to provide further evidence. The appeal was allowed for statistical purposes, emphasizing the importance of comprehensive assessment by the Assessing Officer. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257250