AJIT SINGH,SHIVPURI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, GWALIOR

In the result, assessee’s appeal ITA No 263/Agr/2025 is allowed

54B deals with capital gains, the very nature of the receipt as an advance for agricultural land sale places it outside the purview of taxable income in the hands of the Appellant, especially when the land belongs to his sons. 5.3 The PCIT's direction to the AO to potentially add this sum as unexplained money under Section 68

BHAGVAN DAS L/H SHRI GAURI SHANKER,FIROZABAD vs. ITO WARD 2(2)(1), FIROZABAD

In the result, both the appeals are allowed for statistical purposes