https://www.taxtmi.com/caselaws?id=329863 The Tribunal held that purchasing agricultural land in the name of the assessee's wife does not qualify for exemption under Section 54B of the Income Tax Act. Citing precedents, the Tribunal emphasized that the new agricultural land must be bought in the name of the assessee to claim the exemption. The appeal was dismissed, affirming the decisions of the lower authorities and highlighting the binding nature of jurisdictional High Court rulings. en-us Thu, 07 Jul 2016 00:00:00 +0530 Mon, 11 Jul 2016 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329863 The Tribunal held that purchasing agricultural land in the name of the assessee's wife does not qualify for exemption under Section 54B of the Income Tax Act. Citing precedents, the Tribunal emphasized that the new agricultural land must be bought in the name of the assessee to claim the exemption. The appeal was dismissed, affirming the decisions of the lower authorities and highlighting the binding nature of jurisdictional High Court rulings. Case-Laws Income Tax Thu, 07 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329863