Section 54B Deduction Allowed Even If Farming Done Through Villagers: ITAT Hyderabad

Ashok Manshukla Doshi Vs ITO (ITAT Hyderabad) Can Deduction under Section 54B Be Denied If Agricultural Operations Are Carried Out Through Villagers? The ITAT Hyderabad held that deduction under Section 54B cannot be denied merely because agricultural operations were carried out through third parties, as the law only requires that the land be used for agricultural purposes and not necessarily cultivated personally by the assessee. In the present case, the assessee-HUF sold agricultural land and purchased another agricultural land within the prescribed period, but the deduction was disallowed o...