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Man sells agricultural land for ₹8 cr, claims tax relief after reinvesting proceeds; gets notice; ITAT rules in favour

4 Oct 2026 · 4 Oct 2026Source: LiveMint — Money

A taxpayer who sold his ancestral land for ₹8 crore, faced tax issues when his claimed exemptions under Sections 54B and 54F were disallowed. Here's why he ultimately won the case.

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