https://www.taxtmi.com/highlights?id=58327 Entitlement u/s 54B - Benefit of exemption in the hands of HUF - purchase of agriculture land - In the case of individual assessee, the parents of the assessee fulfill criteria, then the benefit can be given. In our considered opinion harmonious interpretation is required to invoked so that the word used in the provisions would not become redundant or otiose . In our view , in case of doubt or confusion ,the benefit of any doubt in respect to taxability or exemption should be given to the assessee rather than to revenue. - AT en-us Fri, 11 Jun 2021 12:07:26 +0530 Fri, 11 Jun 2021 12:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58327 Entitlement u/s 54B - Benefit of exemption in the hands of HUF - purchase of agriculture land - In the case of individual assessee, the parents of the assessee fulfill criteria, then the benefit can be given. In our considered opinion harmonious interpretation is required to invoked so that the word used in the provisions would not become redundant or otiose . In our view , in case of doubt or confusion ,the benefit of any doubt in respect to taxability or exemption should be given to the assessee rather than to revenue. - AT Highlights Income Tax Fri, 11 Jun 2021 12:07:26 +0530 https://www.taxtmi.com/highlights?id=58327