https://www.taxtmi.com/caselaws?id=786721 Deduction under Section 54B depended on whether the transferred land had been actually used for agricultural purposes during the two years before transfer and whether the replacement land was purchased for agricultural use within the prescribed period. The majority treated sale deeds, revenue records, khasra girdawari entries, Section 81 orders and other corroborative material as sufficient to show agricultural character and use of the land, and held that nominal agricultural income did not displace that evidence; the inspector's contrary report was found inadequate. The assessee was therefore entitled to the deduction, while the dissent considered the factual evidence insufficient. en-us Fri, 13 Feb 2026 00:00:00 +0530 Wed, 18 Feb 2026 08:11:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786721 Deduction under Section 54B depended on whether the transferred land had been actually used for agricultural purposes during the two years before transfer and whether the replacement land was purchased for agricultural use within the prescribed period. The majority treated sale deeds, revenue records, khasra girdawari entries, Section 81 orders and other corroborative material as sufficient to show agricultural character and use of the land, and held that nominal agricultural income did not displace that evidence; the inspector's contrary report was found inadequate. The assessee was therefore entitled to the deduction, while the dissent considered the factual evidence insufficient. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786721