Hari Om Maratha, Judicial Member - This appeal of the assessee for A.Y. 2009-10 is directed against the order of ld. CIT(A), Bikaner, dated 30/01/2013.

2. Briefly stated, the facts of the case are that the assessee, as individual, filed his Return of Income (Return of Income [ROI]) for A.Y. 2008-09 on 10/12/2009 declaring total income of Rs. 1,09,590/- from trading in the retail items. He has declared profit under section 44AF. During the year, the assessee sold a piece of agricultural land for a consideration of Rs. 65,29,000/- on 31/03/2009 to M/s.Khakhi Baba Colonizers & Developers Pvt. Ltd., Nokha. The assessee has claimed deduction u/s 54B of the Act in respect of sale proceeds. The assessee has claimed that he has purchased another agricultural land in the name of his wife Smt. Pushpa Devi for a consideration of Rs. 40 lakhs on 27/06/2008 and has paid a stamp duty of Rs. 2,85,250/- thereon. He has stated that the agricultural land which he sold was purchased in the year 1996 for Rs. 94,500/- and incurred a sum of Rs. 6 lakh on its development and fencing before sale. After seeking and considering the explanation as to why the benefit of Section 54B should be extended to t