Tribunal held that purchase of a land prior to date of transfer of his agricultural land Commissioner was justified in disallowing exemption under S.54B of the Act. Revision is held to be justified. (AY. 2012-13 )
Paras Chinubhai Jani v. PCIT (2019) 177 ITD 591 (Ahd.)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue–Purchase of a land prior to date of transfer of agricultural land– Revision is held to be justified. [S. 45, 54B]