Agricultural Land in Wife’s Name Eligible for Capital Gain Deduction u/s 54B

Ravinder Kumar Vs ITO (ITAT Delhi)

Introduction: The Income Tax Appellate Tribunal (ITAT) Delhi recently ruled in the case of Ravinder Kumar vs ITO, addressing the eligibility of capital gain deduction under section 54B of the Income Tax Act. The appellant, Ravinder Kumar, challenged the decision of the Commissioner of Income Tax (Appeals) related to the Assessment Year 2011-12.

Detailed Analysis: Ravinder Kumar had sold agricultural land, resulting in Lon

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