2025 (3) TMI 1991

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....SH KUMAR, AM: This is an appeal preferred by the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter referred to as the "Ld. CIT(A)"] dated 24.06.2024 for the AY 2015-16. 02. The only issue raised by the assessee is against the order of ld. CIT(A) upholding the order of ld. AO, wherein the benefit claimed u/s 54B of the Act of Rs. 1,44,11,882/- was denied to....

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....properties. The assessee submitted before the ld. AO the proof of the agricultural land having not been sold and also the proof of the agricultural activities carried on the said land during the preceding two years immediately prior to the date of sale of this land. Even the person to whom the land was given for cultivation was called u/s 131 of the Act and his statement was recorded in which he a....

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.... the appellate proceedings, he ld. CIT(A) dismissed the appeal of the assessee by noting that the ld. AO has recorded a clear-cut finding in the assessment order as well as in the remand report that assessee has failed to substantiate any agricultural activities on the said land. In para 7, the ld. CIT(A) noted that there was no compliance to the summon issued u/s 131 of the Act by Mr. Samir Bodha....

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.... dated 19.09.2016, a copy of which is available at page no. 116, valuation report dated 26.10.2017 issued by DVO at page no. 122 to 126 and extract of East Kolkata Wetlands Manual, copy of which is produced at page no. 127 to 130 of the Paper Book. We observe from the examination of the above documents that the assessee has furnished all the evidences before the authorities below, substantiating t....