ITAT Pune Allows Section 54B Exemption Despite Delay in Registration of Agricultural Land

Ranajit Suresh Rajamane Vs ITO (ITAT Pune) No Section 69A Addition Where Sale Proceeds Invested in Agricultural Land Within Two Years;  Registration Not Mandatory for Section 54B Claim if Payment and Possession Proven: ITAT;  ITAT Deletes Rs. 1.14 Crore Addition After Upholding Valid 54B Investment in Agricultural Land;  Delay in Sale Deed Execution Due to Seller’s Death Cannot Defeat Section 54B Relief The appeal before the Income Tax Appellate Tribunal arose from the order of the CIT(A), NFAC, Delhi dated 26.06.2024 for A.Y. 2014-15, which had confirmed an addition of Rs. 1,14,25,000/- ...