SATISH VASANT KAMBLE,KARAD RURAL vs. INCOME TAX OFFICER, WARD 2, SANGLI

PER VINAY BHAMORE, JM: This appeal filed by the assessee is directed against the order dated 27.04.2026 passed by Ld. CIT(A)/NFAC for the assessment year 2021-22. 2. Facts of the case, in brief, are that the assessee is an individual and has furnished his return of income on 25.12.2021 declaring income of Rs.4,36,220/-. The return was processed u/s 143(1) and subsequently, the case was selected for scrutiny and notices u/s 2 143(2) and 142(1) and show cause notice u/s 144 of the IT Act respectively were issued to the assessee. In reply, the assessee submitted that he is in receipt of compensation from State Government for acquisition of urban agricultural land and has claimed exemption u/s 1