https://www.taxtmi.com/caselaws?id=195337 The Tribunal dismissed both appeals filed by the Revenue, upholding the CIT(A)'s decisions on all three issues regarding the deletion of addition on account of Capital Gain, allowance of expenses under Section 48(1) for payments to third-party cultivators, and allowance of deduction under Section 54B for the purchase of agricultural land. The Tribunal emphasized the legislative intent to provide relief from capital gains tax and affirmed that the transactions met the requirements for the exemptions claimed. en-us Fri, 11 Mar 2016 00:00:00 +0530 Fri, 27 Oct 2017 09:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195337 The Tribunal dismissed both appeals filed by the Revenue, upholding the CIT(A)'s decisions on all three issues regarding the deletion of addition on account of Capital Gain, allowance of expenses under Section 48(1) for payments to third-party cultivators, and allowance of deduction under Section 54B for the purchase of agricultural land. The Tribunal emphasized the legislative intent to provide relief from capital gains tax and affirmed that the transactions met the requirements for the exemptions claimed. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195337