Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (7) TMI 461 - AT - Income TaxEntitlement for exemption under section 54B - agriculture land purchased by assessee in the name of assessee's wife Smt. Manjit Kaur - Held that:- Following the decisions of Hon'ble Punjab & Haryana High Court in the cases of Jai Narain [2007 (8) TMI 295 - PUNJAB AND HARYANA HIGH COURT] and Dinesh Verma (2015 (7) TMI 486 - PUNJAB & HARYANA HIGH COURT) hold that purchase of agriculture land in the name of assessee's wife would not allow exemption under section 54B in favour of the assessee. - Decided against assessee.
|