https://www.taxtmi.com/caselaws?id=373710 The judgment pertains to appeals regarding the computation of income from long term capital gains and denial of exemption under section 54B of the Income Tax Act 1961. The court upheld the Assessing Officer's decision to deny exemption due to non-compliance with statutory requirements, emphasizing the importance of adhering to timelines for reinvestment in agricultural land. The denial of exemption under section 54B was upheld for all assessees involved, based on established legal interpretations and precedents, leading to the dismissal of the appeals. en-us Mon, 31 Dec 2018 00:00:00 +0530 Fri, 18 Jan 2019 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373710 The judgment pertains to appeals regarding the computation of income from long term capital gains and denial of exemption under section 54B of the Income Tax Act 1961. The court upheld the Assessing Officer's decision to deny exemption due to non-compliance with statutory requirements, emphasizing the importance of adhering to timelines for reinvestment in agricultural land. The denial of exemption under section 54B was upheld for all assessees involved, based on established legal interpretations and precedents, leading to the dismissal of the appeals. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373710