https://www.taxtmi.com/caselaws?id=382479 The tribunal upheld the Principal Commissioner of Income Tax's revision order, denying the deduction claim under Section 54B due to legal restrictions on the transfer of agricultural land. The tribunal emphasized the importance of legal ownership and transfer restrictions in determining entitlement to deductions under the Income Tax Act. en-us Mon, 01 Jul 2019 00:00:00 +0530 Tue, 06 Aug 2019 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382479 The tribunal upheld the Principal Commissioner of Income Tax's revision order, denying the deduction claim under Section 54B due to legal restrictions on the transfer of agricultural land. The tribunal emphasized the importance of legal ownership and transfer restrictions in determining entitlement to deductions under the Income Tax Act. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382479