This might be an appeal filed by the assessee contrary to the order of ld. CIT(A)-III, Jaipur dated 16.12.2015 for Assessment 2012-13 wherein the assessee has challenged the action of ld year. CIT(A) in confirming the dis allowance of exemption of Rs. 30,00,000/- claimed u/s 54F regarding the Act.
Shortly stated, the reality for the situation are that throughout the 12 months in mind, the assessee has offered three lands that are agriculture to him for a purchase consideration of Rs. 99,25,000. The assessee has purchased another agricultural land at a consideration of Rs. 32,00,000/- for which deduction u/s 54F has been reported and exact same ended up being permitted by the Assessing Officer and is perhaps perhaps not in dispute before us.