https://www.taxtmi.com/caselaws?id=390632 The Tribunal upheld the denial of exemption under Section 54B for the purchase of agricultural land in the name of the spouse, emphasizing that the provision requires the investment to be in the assessee's own name. The Tribunal dismissed the appeal, affirming that investments made by the spouse do not qualify for the deduction under Section 54B. The decision was based on the specific ownership and investment considerations outlined in the Income Tax Act, with reference to judicial precedents and the jurisdictional High Court's binding decision. en-us Fri, 15 Nov 2019 00:00:00 +0530 Wed, 08 Jan 2020 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390632 The Tribunal upheld the denial of exemption under Section 54B for the purchase of agricultural land in the name of the spouse, emphasizing that the provision requires the investment to be in the assessee's own name. The Tribunal dismissed the appeal, affirming that investments made by the spouse do not qualify for the deduction under Section 54B. The decision was based on the specific ownership and investment considerations outlined in the Income Tax Act, with reference to judicial precedents and the jurisdictional High Court's binding decision. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390632