https://www.taxtmi.com/caselaws?id=431053 The Tribunal upheld the decision of the Ld. CIT(A) to allow the exemption under Section 54B of the Act, dismissing the Revenue's appeal. It found that the assessee fulfilled all conditions for the exemption, including investing the sale proceeds in new agricultural land within the stipulated time. The Tribunal disagreed with the Revenue's arguments regarding the validity of unregistered documents and sale agreements, citing relevant case law and holding that the Ld. CIT(A) had appropriately considered the evidence presented by the assessee. en-us Tue, 18 Oct 2022 00:00:00 +0530 Mon, 05 Dec 2022 09:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431053 The Tribunal upheld the decision of the Ld. CIT(A) to allow the exemption under Section 54B of the Act, dismissing the Revenue's appeal. It found that the assessee fulfilled all conditions for the exemption, including investing the sale proceeds in new agricultural land within the stipulated time. The Tribunal disagreed with the Revenue's arguments regarding the validity of unregistered documents and sale agreements, citing relevant case law and holding that the Ld. CIT(A) had appropriately considered the evidence presented by the assessee. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431053