https://www.taxtmi.com/caselaws?id=431175 The appeal challenging the disallowance of deductions under sections 54B and 54F of the Income Tax Act, 1961 was dismissed. The Assessing Officer's decision to disallow the deduction under section 54B and deny the exemption under section 54F due to lack of supporting evidence was upheld. The ld. CIT(A) directed the Assessing Officer to allow the deduction under section 54B for investments made in agricultural land supported by registered sale deeds. Despite multiple notices, the appellant failed to appear during the appeal proceedings, leading to the dismissal of the appeal by the ITAT Pune. en-us Mon, 05 Dec 2022 00:00:00 +0530 Wed, 07 Dec 2022 10:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431175 The appeal challenging the disallowance of deductions under sections 54B and 54F of the Income Tax Act, 1961 was dismissed. The Assessing Officer's decision to disallow the deduction under section 54B and deny the exemption under section 54F due to lack of supporting evidence was upheld. The ld. CIT(A) directed the Assessing Officer to allow the deduction under section 54B for investments made in agricultural land supported by registered sale deeds. Despite multiple notices, the appellant failed to appear during the appeal proceedings, leading to the dismissal of the appeal by the ITAT Pune. Case-Laws Income Tax Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431175