INCOME TAX OFFICER,WARD 1(1), JABALPUR vs. SHRI DEEPAK SINGH BANAFER, JABALPUR
In the result, the Revenue’s appeal is allowed on the aforesaid terms
ITA 92/JAB/2019[2014-15]Status: DisposedITAT Jabalpur11 Jan 2023AY 2014-15
Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble
For Appellant: Sh. L.L. Sharma, AdvocateFor Respondent: Sh. Shiv Kumar, Sr. DR
Section 131Section 143(3)Section 147Section 148(1)Section 54B
deduction u/s. 54B is not exigible.
4.4
We may at this stage draw a distinction between an ‘agricultural land’ and that which had been subject to agricultural activity, or used for agricultural purposes, in the recent past, specified in s. 54B as two years immediately
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ITO v. Deepak Singh Banafer preceding the date of transfer