Held that the assessee is not able to demonstrate that land sold was used for agricultural purposes for two years immediately preceding date of transfer, section 54B is not eligible. (AY. 2017-18)
Amartbhai Mandanbhai Desai. v. PCIT (2025) 211 ITD 195 (Ahd) (Trib.)
S. 54B : Capital gains-Land used for agricultural purposes-Land was not used for agricultural purposes for two years immediately preceding date of transfer-Not entitle to exemption. [S. 45]
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