https://www.taxtmi.com/caselaws?id=433747 The ITAT dismissed both appeals filed by the assessee, upholding the disallowance of deductions claimed under section 54B of the Income Tax Act for the assessment years 2013-14 and 2014-15. The judgment emphasized the importance of providing substantial evidence of agricultural activities on the land to qualify for exemptions under the Act, especially when dealing with properties located in environmentally challenging areas like Coastal Regulation Zones. en-us Tue, 31 Jan 2023 00:00:00 +0530 Wed, 08 Feb 2023 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433747 The ITAT dismissed both appeals filed by the assessee, upholding the disallowance of deductions claimed under section 54B of the Income Tax Act for the assessment years 2013-14 and 2014-15. The judgment emphasized the importance of providing substantial evidence of agricultural activities on the land to qualify for exemptions under the Act, especially when dealing with properties located in environmentally challenging areas like Coastal Regulation Zones. Case-Laws Income Tax Tue, 31 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433747