TMI Blog2022 (12) TMI 292X X X X Extracts X X X X X X X X Extracts X X X X ..... ld. CIT(A) had gone through the material on record and directed the Assessing Officer to allow deduction u/s 54B in respect of investments made in purchase of agricultural land which is supported by registered sale deed. This finding of the ld. CIT(A) is fair and reasonable and does not require any interference. Hence, the appeal of the assessee stands dismissed. - ITA No.1965/PUN/2018 - - - Dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by the Income Tax Officer, Ward-12(4), Pune ( the Assessing Officer ) vide order dated 26.12.2017 passed u/s 143(3) of the Income Tax Act, 1961 ( the Act ) at a total income of Rs.1,30,22,060/-. While doing so, the Assessing Officer disallowed the claim for deduction of Rs.91,60,000/- u/s 54B of the Act. The Assessing Officer also denied the claim for exemption u/s 54F for want of proof of inve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -assessee despite due service of notice of hearing on several times. Therefore, we proceed to dispose of this matter after hearing the ld. Sr. DR and perusing the material on record. 6. We find from the impugned order that the ld. CIT(A) had gone through the material on record and directed the Assessing Officer to allow deduction u/s 54B in respect of investments made in purchase of agricultura ..... X X X X Extracts X X X X X X X X Extracts X X X X
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