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2018 (4) TMI 1481 - HC - Income TaxClaim of Exemption u/s 54B - LTCG - transfer of land used for agricultural purposes - Held that:- There is no evidence in support of the contentions raised in the submissions by the ld AR. It is admitted fact that there was no agriculture activity on these lands in the two preceding years from the sale of the land. - Benefit of exemption / deduction u/s 54B cannot be allowed. - Decided against the assessee.
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