Barendra Nath Dey Vs. ACIT (OSD), Ward 53-1
Case No: ITA No.1552/KOL/2024
Court: INCOME TAX APPELLATE TRIBUNAL “C” BENCH, KOLKATA
Date: 3/17/2025
Parties Involved
appellantBarendra Nath Dey
respondentACIT (OSD), Ward 53-1
Facts Summary
The assessee, Barendra Nath Dey, filed a return of income on 07.09.2015, declaring a total income of ₹11,88,110/-. His case was selected for limited scrutiny due to cash deposits, property purchase, and deduction claims under capital gains. The Assessing Officer (AO) found that the assessee claimed a deduction of ₹1,44,11,882/- under section 54B of the Act. The assessee provided supporting evidence, including purchase/sale deeds and proof of agricultural activities on the land. However, the AO r…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee is entitled to the deduction under section 54B of the Act.