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2021 (6) TMI 272 - AT - Income TaxExemption claimed u/s 54B - exemption denied as AO concluded there was no agricultural operation carried out the lands in dispute - as per assessee lands sold were used for the agricultural operations - HELD THAT:- The onus is upon the revenue to prove that the land in dispute was not used for the purpose of agricultural operations by bringing tangible material on record which can be used against the assessee and against the form 7/12 along with form 8 available on record. In the case on hand, the assessee has furnished the necessary details such as affidavit of the party who carried out the agricultural operations as well as form 7/12 along with form 8 which have rejected by the authorities below but without assigning sensible reason and bringing any corroborative evidence on record. Accordingly, we are inclined to reverse the order of the authorities below and direct the AO to delete the addition made by him. Ground of appeal of the assessee is allowed.
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