https://www.taxtmi.com/caselaws?id=433568 The Tribunal upheld the decision that the land, located in a Coastal Regulation Zone, was not suitable for agricultural activities despite the presence of coconut trees. The absence of evidence of agricultural operations and the unsuitability of sea water for farming led to the dismissal of the appeal. The assessee's claim for exemption under section 54B of the Income Tax Act was denied, and the appeal was dismissed in Chennai on 31st January 2023. en-us Tue, 31 Jan 2023 00:00:00 +0530 Fri, 03 Feb 2023 06:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433568 The Tribunal upheld the decision that the land, located in a Coastal Regulation Zone, was not suitable for agricultural activities despite the presence of coconut trees. The absence of evidence of agricultural operations and the unsuitability of sea water for farming led to the dismissal of the appeal. The assessee's claim for exemption under section 54B of the Income Tax Act was denied, and the appeal was dismissed in Chennai on 31st January 2023. Case-Laws Income Tax Tue, 31 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433568