Non-Consideration of Evidence on Deduction Claim u/s 54B and Capital Gains Exemption on Sale of Agricultural Land: ITAT remands Matter to AO [Read Order]

By Aparna. M - On September 28, 2023 11:30 am - 2 mins read
Non-Consideration - Evidence - Deduction Claim - Capital Gains - Exemption - Sale of Agricultural Land - ITAT - remands - Matter - AO - taxscan

The Income Tax Appellate Tribunal (ITAT) Chennai bench remanded the matter  before the Assessing officer for re adjudication due to  nonconsideration of evidence on deduction claimed under Section 54B of the Income Tax Act, 1961 and capital gains exemption on sale of agricultural land. Assessee, Nagappan Suganthi sold certain agricultural land for Rs.137.60 Lacs. However,…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader