{"id":59802,"date":"2026-04-28T09:32:40","date_gmt":"2026-04-28T04:02:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-kanubhai-vanmalibhai-patel-2025481-itr-246-2025-178-taxmann-com-133-guj-hc-editorial-slp-of-revenue-dismissed-delay-of-365-days-pcit-v-kanubhai-vanmalibhai-patel-2025-307-ta\/"},"modified":"2026-04-28T09:32:40","modified_gmt":"2026-04-28T04:02:40","slug":"pcit-v-kanubhai-vanmalibhai-patel-2025481-itr-246-2025-178-taxmann-com-133-guj-hc-editorial-slp-of-revenue-dismissed-delay-of-365-days-pcit-v-kanubhai-vanmalibhai-patel-2025-307-ta","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-kanubhai-vanmalibhai-patel-2025481-itr-246-2025-178-taxmann-com-133-guj-hc-editorial-slp-of-revenue-dismissed-delay-of-365-days-pcit-v-kanubhai-vanmalibhai-patel-2025-307-ta\/","title":{"rendered":"PCIT v. Kanubhai Vanmalibhai Patel (2025)481 ITR 246 \/ [2025] 178 taxmann.com 133 (Guj.) (HC). Editorial : SLP of revenue dismissed, delay of 365 days, PCIT v. Kanubhai Vanmalibhai Patel (2025) 307 Taxman 6 (SC)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>The assessee-HUF sold agricultural land for Rs. 33.82 crores, claiming a deduction of Rs. 17.75 crores under section 54B for the purchase of other agricultural land. The AO accepted the income after a thorough inquiry, including documentary evidence such as sale deeds and bills. However, the PCIT set aside the assessment, citing a lack of cross-verification with the agriculture department and previous non-declared agricultural income. On appeal, the Tribunal quashed the PCIT&#8217;s order, concluding that the AO had reasonably determined the transaction as capital gains eligible for deduction, and that both conditions under section 263 were not met. The revenue&#8217;s appeal was dismissed as no substantial question of law arose, and the treatment of capital gains for a co-owner corroborated the AO&#8217;s position.(AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263: Commissioner-Revision of orders prejudicial to revenue-AO allowed deduction under section 54B after detailed inquiry-View taken by AO reasonable and plausible-Twin conditions for section 263 not fulfilled-Revision order not sustainable. [S. 54B, 260A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-59802","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fyy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59802"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59802\/revisions"}],"predecessor-version":[{"id":59803,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59802\/revisions\/59803"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}