https://www.taxtmi.com/caselaws?id=388400 The Tribunal upheld the validity of the order passed by the Assessing Officer under section 147 of the Income Tax Act and denied exemption under section 10(37) for long-term capital gain on agricultural land due to lack of evidence showing agricultural use. The Tribunal found that the AO had valid reasons for reopening the assessment and that the assessee failed to meet the conditions for claiming the exemption. The appeal of the assessee was dismissed. en-us Mon, 04 Nov 2019 00:00:00 +0530 Thu, 14 Nov 2019 18:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388400 The Tribunal upheld the validity of the order passed by the Assessing Officer under section 147 of the Income Tax Act and denied exemption under section 10(37) for long-term capital gain on agricultural land due to lack of evidence showing agricultural use. The Tribunal found that the AO had valid reasons for reopening the assessment and that the assessee failed to meet the conditions for claiming the exemption. The appeal of the assessee was dismissed. Case-Laws Income Tax Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388400