https://www.taxtmi.com/highlights?id=53340 Disallowance u/s 54B - LTCG - Proof of agriculture activity on land transferred - the assessee had cultivated the agriculture crops during the period of 2 years immediately preceding the date of transfer and incurred the loss after meeting of all the expenditure incurred during the agricultural activities and debit the loss directly to capital account. Therefore, the agricultural income was not shown in the return of income - Deduction allowed. en-us Sat, 09 May 2020 10:52:30 +0530 Sat, 09 May 2020 10:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53340 Disallowance u/s 54B - LTCG - Proof of agriculture activity on land transferred - the assessee had cultivated the agriculture crops during the period of 2 years immediately preceding the date of transfer and incurred the loss after meeting of all the expenditure incurred during the agricultural activities and debit the loss directly to capital account. Therefore, the agricultural income was not shown in the return of income - Deduction allowed. Highlights Income Tax Sat, 09 May 2020 10:52:30 +0530 https://www.taxtmi.com/highlights?id=53340