https://www.taxtmi.com/caselaws?id=433221 The Tribunal upheld the Assessing Officer's decision to deny exemption under Section 54B of the Income Tax Act, assessing capital gains at Rs. 2,48,17,420. The Tribunal directed reassessment of agricultural income by the AO to ensure proper treatment of the declared income. en-us Wed, 11 Jan 2023 00:00:00 +0530 Mon, 23 Jan 2023 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433221 The Tribunal upheld the Assessing Officer's decision to deny exemption under Section 54B of the Income Tax Act, assessing capital gains at Rs. 2,48,17,420. The Tribunal directed reassessment of agricultural income by the AO to ensure proper treatment of the declared income. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433221