ITAT Allows Section 54B Deduction as Remand Report Confirmed Agricultural Use of Land

Ashvinkumar Joitaram Patel Vs ITO (ITAT Ahmedabad) The appeal before the Income Tax Appellate Tribunal (ITAT), Ahmedabad, arose from the order of the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre dated 15.07.2025 for Assessment Year 2016-17. The assessee challenged the denial of deduction under Section 54B of the Income Tax Act, 1961, contending that the land sold was agricultural land, that the remand report supported the claim, and that the issue of exemption under Section 54B was beyond the scope of the limited scrutiny assessment. The Assessing Officer had denied the...