https://www.taxtmi.com/caselaws?id=373489 The High Court upheld the Tribunal's decision to deny exemption under Section 54B of the Income Tax Act, 1961 to the appellant-assessee. The Court found that the appellant failed to prove the land was used for agricultural purposes as required by the Act. The Tribunal's evaluation of evidence, including the lack of agricultural activities and inconsistencies in statements, supported the decision. The Court deemed the Tribunal's findings reasonable and dismissed the appeal for lacking merit. en-us Tue, 18 Dec 2018 00:00:00 +0530 Wed, 05 Jun 2019 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373489 The High Court upheld the Tribunal's decision to deny exemption under Section 54B of the Income Tax Act, 1961 to the appellant-assessee. The Court found that the appellant failed to prove the land was used for agricultural purposes as required by the Act. The Tribunal's evaluation of evidence, including the lack of agricultural activities and inconsistencies in statements, supported the decision. The Court deemed the Tribunal's findings reasonable and dismissed the appeal for lacking merit. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373489