https://www.taxtmi.com/caselaws?id=791869 Section 54B exemption was available where the sale consideration from agricultural land was actually invested in purchase of new agricultural land within the prescribed period. The Tribunal treated timely utilisation of the capital gain for acquiring the new asset as sufficient compliance, and held that failure to deposit the unutilised amount in the capital gains account scheme before the return-filing due date was not, by itself, fatal. On that basis, the disallowance by the Assessing Officer was deleted and relief to the assessee was sustained. en-us Fri, 15 May 2026 00:00:00 +0530 Tue, 19 May 2026 08:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791869 Section 54B exemption was available where the sale consideration from agricultural land was actually invested in purchase of new agricultural land within the prescribed period. The Tribunal treated timely utilisation of the capital gain for acquiring the new asset as sufficient compliance, and held that failure to deposit the unutilised amount in the capital gains account scheme before the return-filing due date was not, by itself, fatal. On that basis, the disallowance by the Assessing Officer was deleted and relief to the assessee was sustained. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791869