https://www.taxtmi.com/caselaws?id=383228 The Tribunal ruled in favor of the appellant in a case involving the disallowance of proportionate exemption claimed under section 54B of the Income Tax Act. The appellant successfully argued that even if only a part of the land was used for agricultural purposes, the deduction should be allowed. The Tribunal directed the Assessing Officer to grant the deduction, rejecting the claim that the land was not cultivable. The appellant's appeal was allowed, and the deduction under section 54B was upheld. en-us Fri, 07 Jun 2019 00:00:00 +0530 Thu, 18 Jul 2019 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383228 The Tribunal ruled in favor of the appellant in a case involving the disallowance of proportionate exemption claimed under section 54B of the Income Tax Act. The appellant successfully argued that even if only a part of the land was used for agricultural purposes, the deduction should be allowed. The Tribunal directed the Assessing Officer to grant the deduction, rejecting the claim that the land was not cultivable. The appellant's appeal was allowed, and the deduction under section 54B was upheld. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383228