https://www.taxtmi.com/caselaws?id=306556 The Tribunal remitted the issue back to the Assessing Officer for re-examination regarding the disallowed deduction claimed under Section 54B of the Income-tax Act, emphasizing the importance of proper classification of the land as agricultural for eligibility. The Tribunal set aside the lower authorities' orders and allowed the appeal for statistical purposes, stressing the need for a comprehensive review based on the material provided by the assessee to ensure a fair assessment in line with the law. en-us Thu, 14 Jun 2018 00:00:00 +0530 Thu, 09 Feb 2023 09:58:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306556 The Tribunal remitted the issue back to the Assessing Officer for re-examination regarding the disallowed deduction claimed under Section 54B of the Income-tax Act, emphasizing the importance of proper classification of the land as agricultural for eligibility. The Tribunal set aside the lower authorities' orders and allowed the appeal for statistical purposes, stressing the need for a comprehensive review based on the material provided by the assessee to ensure a fair assessment in line with the law. Case-Laws Income Tax Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306556