ITAT Remands Section 54B Claim Due to Dispute Over Agricultural Use Evidence

Sh. Gurbhagat Singh Vs ITO (ITAT Amritsar) In , the assessee challenged the order passed by the Commissioner of Income Tax (Appeals), NFAC Delhi, arising from reassessment proceedings initiated under sections 147 and 144B of the Income Tax Act. The assessee had originally filed a return declaring nil income. Reassessment proceedings were initiated after information was received that the assessee, along with other co-owners, had sold land situated within the municipal limits of Bathinda on 7 December 2012, with the assessee’s share in the sale consideration amounting to Rs. 41.67 lakh. The as...