Saturday 14 November 2015

AO gets flak from ITAT for allowing sec. 54B relief without inquiring into usage of land for agricul

IT : Where while allowing deduction under section 54B, there was no enquiry whether land sold was used for agricultural purposes in last two years or not, assessment order passed by Assessing Officer was erroneous and prejudicial to interests of revenue inviting action under section 263

No comments:

Post a Comment