https://www.taxtmi.com/caselaws?id=268386 The Tribunal upheld the ld. CIT's decision under section 263, directing a fresh assessment due to the AO's failure to adequately investigate the claim u/s 54B for deduction related to the sale of land claimed as agricultural. The Tribunal emphasized the burden on the assessee to prove eligibility for deductions, dismissing the appeal and affirming the need for proper inquiries into the nature of the land sold and agricultural activities conducted. en-us Fri, 24 Jul 2015 00:00:00 +0530 Wed, 25 Nov 2015 10:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268386 The Tribunal upheld the ld. CIT's decision under section 263, directing a fresh assessment due to the AO's failure to adequately investigate the claim u/s 54B for deduction related to the sale of land claimed as agricultural. The Tribunal emphasized the burden on the assessee to prove eligibility for deductions, dismissing the appeal and affirming the need for proper inquiries into the nature of the land sold and agricultural activities conducted. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268386